Two retail properties in Kedron, completed in 2024 and leased to 7-Eleven and Starbucks, have sold for a combined $12.9 million through a competitive sales campaign.
Strong Buyer Interest in Kedron Retail Assets
Stonebridge Property Group confirmed the sale on behalf of Citimark Properties, with the two assets attracting 224 enquiries and 14 offers before being sold separately to interstate private investors. The transaction reflected a blended yield of 4.99 per cent, highlighting continued demand for high-quality, income-producing retail sites in Brisbane.
Details of Individual Sales
The 7-Eleven Kedron property sold for $7.7 million on a 5.22 per cent yield, while the Starbucks Kedron site achieved $5.2 million on a 4.65 per cent yield. Both assets occupy individual freehold lots along Gympie Road, about eight kilometres north of Brisbane’s CBD. This location records traffic volumes of more than 65,000 vehicles daily, offering strong exposure for both tenants.
Lease Terms and Location Advantages
Each tenant has committed to a 12-year net lease through to 2036, with options to extend to 2056. Fixed rent increases of three per cent apply annually across the lease terms. The properties form part of a premium convenience retail location, positioned to capture consistent customer traffic.
Market Trends in Convenience and Food Retail
Stonebridge reported a marked increase in buyer interest for fuel, convenience, and fast-food investments over the past six to twelve months, with stronger bidder depth and evidence of yield compression. The Starbucks lease was noted for its covenant strength, backed by the original founders of 7-Eleven in Australia. The brand is continuing its national expansion into strategically selected sites.
The sales campaign was conducted by Stonebridge partners Michael Collins and Tom Moreland, alongside James Freemantle and Harry Curtain, as part of the group’s National Portfolio process. The outcome reflects renewed confidence from private investors in the convenience retail sector.
Published 12-Aug-2025