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398 Hector St 3,961 SF Retail Building Yokine, WA 6060 For Sale
Investment Highlights
- 15-year net lease to Chevron
- Inflation-linked annual rent reviews
- Fuel, retail & workshop sublease
- Net income $379,686 p.a.
- Extensive dual frontage and high daily vehicle counts
Executive Summary
CBRE and Sterling Property are pleased to present an exceptionally secure service station investment positioned within 5.3 km of Perth CBD. Anchored by Chevron Australia Downstream Pty Ltd—trading under the Chevron/Caltex brand—the property benefits from a 15-year net lease expiring in 2034, underpinned by CPI rent reviews and an uncapped ratchet clause ensuring upward-only rental growth.
Chevron Corporation (NYSE: CVX), the ultimate parent entity, operates a global network of 19,550+ sites and maintains a market capitalization exceeding USD $375 billion, reinforcing covenant security at the premium end of the fuel and retail sector.
The site spans 2,177 m² with unprecedented exposure over 93 m of combined frontage to Hector and Flinders Streets, accommodating 24/7 trade, high-volume traffic flow, and ease of vehicular access through three crossovers. Income sustainability is elevated by a landlord-favourable net lease structure with the tenant responsible for all statutory and operating outgoings.
This asset will appeal to institutions, super funds, and discerning investors seeking blue-chip tenancy, inflation-linked growth, and long-term security within Perth’s metro corridor.
Chevron Corporation (NYSE: CVX), the ultimate parent entity, operates a global network of 19,550+ sites and maintains a market capitalization exceeding USD $375 billion, reinforcing covenant security at the premium end of the fuel and retail sector.
The site spans 2,177 m² with unprecedented exposure over 93 m of combined frontage to Hector and Flinders Streets, accommodating 24/7 trade, high-volume traffic flow, and ease of vehicular access through three crossovers. Income sustainability is elevated by a landlord-favourable net lease structure with the tenant responsible for all statutory and operating outgoings.
This asset will appeal to institutions, super funds, and discerning investors seeking blue-chip tenancy, inflation-linked growth, and long-term security within Perth’s metro corridor.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
3,961 SF
Building Class
C
NOI
$266,327
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.54 AC
Amenities
- Corner Lot
- Dedicated Turn Lane
- Signage
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398 Hector St
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