41-45 McMahons Rd 7,212 SF 100% Leased Retail Building Frankston, VIC 3199 For Sale

41–45 McMahons Road represents a rare opportunity to acquire a high-exposure, land-rich asset situated on one of Frankston’s busiest arterial intersections. Occupying a commanding 3,435-square-meter mixed-use zoned landholding and improved with a modern service station and integrated drive-through tenancies, this investment combines resilient income security with the intrinsic value of a strategic land parcel.
Currently leased to two well-established operators, including EG/Ampol (fuel and convenience retail) and a prominent drive-through food tenant, the property delivers a combined net rental return of approximately $346,311 per annum plus GST and outgoings. Two long-term leases supported by option extensions provide investors with robust income stability coupled with fixed growth mechanisms over the lease term.
Positioned just moments from the Frankston Freeway and adjacent to the Cranbourne Road intersection, the site benefits from heavy vehicle traffic volumes exceeding 34,000 vehicles daily, ensuring strong retail performance. The location is further enhanced by its proximity to Bunnings Warehouse and Frankston Power Centre, strengthening the area’s profile as a critical commercial and retail destination within Melbourne’s rapidly expanding southeast growth corridor.
The unique combination of strategic positioning, multiple tenancies, flexible MUZ zoning, and substantial land value underpin this asset as a compelling opportunity for landbanking while enjoying dependable income from major national tenants.