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191 Waller Rd 9,709 SF 100% Leased Retail Building Regents Park, QLD 4118 For Sale
Investment Highlights
- The center comprises multiple tenancies and provides about 36 on-site car spaces with rear tenant access.
- The site is situated in a residential corridor positioned within growth areas between Brisbane and the Gold Coast.
- It is a retail center built on a 3,233 sqm site with a single-level structure totaling 902 sqm of building area.
Executive Summary
This is a rare opportunity to acquire a fully leased, high-performing retail centre located at 191 Waller Road in the thriving suburb of Regents Park. Anchored by SPAR Supermarket, Liquor Legends, and Qualitas Health—accounting for more than 56% of total income—the centre offers a stable, diversified tenancy mix backed by leading national and international brands. SPAR operates over 300 supermarkets across Australia and the Pacific Islands, serving 13.5 million customers annually, while Liquor Legends manages 350+ sites nationwide and Qualitas Health maintains a network of 250 practices across multiple countries.
The 902 sqm* single-level property, recently extended in 2024 to enhance tenant amenities, sits on a 3,233 sqm* corner parcel with favorable “Centre” zoning that provides flexibility for future development (STCA). Rental income security is reinforced by a WALE of 4.20 years* to strong covenant tenants and consistent annual rental growth through CPI and fixed increases of 3%–4%. The centre features 36 on-site car spaces and strategic access points, benefiting shoppers and operators alike.
Located in a robust growth corridor between Brisbane and the Gold Coast—approximately 29 km from Brisbane CBD—the property resides in a high-demand residential area with over 36,000 residents within 3 km and limited competing retail offerings. Logan City is set for significant infrastructure investment and population expansion—forecast to increase by 47% by 2041—creating sustained demand for retail services and underlining the asset’s long-term investment appeal.
The 902 sqm* single-level property, recently extended in 2024 to enhance tenant amenities, sits on a 3,233 sqm* corner parcel with favorable “Centre” zoning that provides flexibility for future development (STCA). Rental income security is reinforced by a WALE of 4.20 years* to strong covenant tenants and consistent annual rental growth through CPI and fixed increases of 3%–4%. The centre features 36 on-site car spaces and strategic access points, benefiting shoppers and operators alike.
Located in a robust growth corridor between Brisbane and the Gold Coast—approximately 29 km from Brisbane CBD—the property resides in a high-demand residential area with over 36,000 residents within 3 km and limited competing retail offerings. Logan City is set for significant infrastructure investment and population expansion—forecast to increase by 47% by 2041—creating sustained demand for retail services and underlining the asset’s long-term investment appeal.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,709 SF
Building Class
C
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.28
Lot Size
0.80 AC
Parking
36 Spaces (3.71 Spaces per 1,000 SF Leased)
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191 Waller Rd
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