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606-610 Marion Rd 1,776 SF Retail Building PARK HOLME, SA 5043 For Sale
Investment Highlights
- High-profile 2,015 sqm corner site located on Marion Road with significant traffic exposure.
Executive Summary
This inner metropolitan Adelaide convenience retail asset represents an outstanding investment opportunity anchored by a global energy leader. Positioned on a prominent 2,015 sqm freehold corner site with 87 meters of frontage to Marion Road, the property benefits from exposure to over 303,000 vehicles weekly. It is only 7 km from Adelaide CBD and surrounded by key infrastructure such as Adelaide Airport, Morphettville Racecourse, and Westfield Marion.
The asset is secured by a new 10-year lease to Chevron Australia, a subsidiary of Chevron Corporation (NYSE: CVX), ranked among the world’s largest companies with a market capitalization exceeding US$366 billion. Caltex, an iconic Australian brand, operates more than 360 retail convenience locations nationally and continues to grow. Investors will appreciate the landlord-favorable triple-net structure, full-year rent paid in advance, and fixed 3% annual rent increases ensuring consistent income growth. Built in 2015, the property offers modern construction and significant depreciation benefits. Furthermore, investments in South Australia are stamp duty free, adding to its appeal. This trophy asset combines secure income, a blue-chip covenant, and prime location—making it highly attractive for long-term wealth creation.
The asset is secured by a new 10-year lease to Chevron Australia, a subsidiary of Chevron Corporation (NYSE: CVX), ranked among the world’s largest companies with a market capitalization exceeding US$366 billion. Caltex, an iconic Australian brand, operates more than 360 retail convenience locations nationally and continues to grow. Investors will appreciate the landlord-favorable triple-net structure, full-year rent paid in advance, and fixed 3% annual rent increases ensuring consistent income growth. Built in 2015, the property offers modern construction and significant depreciation benefits. Furthermore, investments in South Australia are stamp duty free, adding to its appeal. This trophy asset combines secure income, a blue-chip covenant, and prime location—making it highly attractive for long-term wealth creation.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Service Station
Building Size
1,776 SF
Building Class
C
NOI
$252,817
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.50 AC
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606-610 Marion Rd
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