Located in Acacia Ridge with 237m of frontage along Beaudesert Road, the 8,383sqm centre is dual-anchored by Woolworths and Aldi, and set across five buildings on a substantial 2.68ha landholding.
RWC Retail managing director Lachlan O'Keeffe said Brisbane metropolitan neighbourhood centres are becoming increasingly scarce due to established suburbs and construction costs.
"An asset held in the same hands for 23 years tells you everything,” Mr O’Keeffe said.
“From the ASX listed tenants, the large metropolitan land holding and the barrier to entry for competition becoming unworkable, metro centres like this are now the ultimate wealth preservation vehicle for investors."
The centre is 99.1 per cent occupied and generates an estimated fully leased net income of $2,117,288 + GST per annum, with additional revenue from the two residential dwellings attached and included in the sale.
With a WALE of 3.45 years by area, the centre also carries significant upside, with potential rent reversion uplift of up to 43 per cent.
Lioncorp Commercial Sales and leasing director Robert Lov said the upside built into the specialty rents was a key part of the appeal.
"This is a rare opportunity to secure a landholding of this scale in Brisbane, and there's genuine upside still sitting in it. Specialty rents here are averaging $701 a square metre against comparable market rents, so there's real reversion potential for whoever takes this on, on top of everything else the site offers."
Acacia Marketplace is being offered for sale by Expressions of Interest, closing Tuesday 25th August at 5pm (AEST).
