Convenience Store
Metro
Stonebridge
Sold
7-Eleven & Subway Ripley
2 Binnies Road, Ripley, QLD 4306
Property Description
7-Eleven & Subway Ripley is a Convenience Store property located in Ripley, QLD that was sold for $8,150,000 on 03 Jun 2025, with the transaction facilitated by Stonebridge. The property situated on a 3,723 m² landholding at a rate of $2,189 per square metre. The property was leased to 7-Eleven and generated an estimated net income of $458,695 and offered a WALE of 11.5 years, with further options extending the lease profile by an additional 10 + 10 years. The investment reflected a reported yield of 5.63% at the point of transaction.
Key Metrics
Sale Price
$8,150,000
03 Jun 2025
Yield
5.63%
Net Income $458,695
Land
3,723 m²
$2,189/m²
Building
—
—
Tenancy
—
Parks 17
Parking
17
Rate 0.46/100m²
Address & Location
| Full Address | 2 Binnies Road, Ripley, QLD 4306 |
|---|---|
| Suburb | Ripley |
| State / Postcode | QLD 4306 |
| Metro / Regional | Metro |
| Property ID | MBt6g6V |
Asset & Physical
| Asset Type | Convenience Store |
|---|---|
| Transaction | Sold |
| Zoning | — |
| Year Built | — |
| Tenancy | — |
Sale & Metrics
| Sale Price | $8,150,000 |
|---|---|
| Sale Date | 03 Jun 2025 |
| Net Income | $458,695 |
| Yield | 5.63% |
| Land Area | 3,723 m² |
|---|---|
| Land Rate | $2,189/m² |
| Building Area | — |
| Building Rate | — |
Lease & WALE
| Rent Start | 30 Jun 2025 |
|---|---|
| Rent End | 01 Jul 2037 |
| Term (input) | 12 |
| WALE | 11.50 yrs |
| Rent Reviews | Fixed 3.0% |
|---|---|
| Options | 10 + 10 |
| Lease Confirmed | No |
| Leased / Vacant | Leased |
Reference Links & Map
Agents
Harry Courtain
Stonebridge
Tom Moreland
Stonebridge
Thomas Proberts
Stonebridge