Freestanding Supermarket Investment | New 7 Year Lease

Ray White Retail are proud to present Friendly Grocer Cardwell at 196-198 Victoria Street, Cardwell QLD. For sale by Auction on Friday 28th August 2026, 9:45am (AEST) at Level 26, 111 Eagle Street, Brisbane

|What|
• Freestanding 799sqm* single-tenanted supermarket investment
• Anchored by Friendly Grocer - 210 locations nationwide, backed by Metcash
• 7-Year lease through to 2032, plus 2x7 year options to 2046
• Purpose-built as a supermarket in 2010
• Landlord-favourable net lease with all usual outgoings recoverable
• Net Income of $160,000 + GST p.a.

|Where|
• Prominent 2,023sqm* landholding with direct frontage to the A1 Bruce Highway
• Positioned in the heart of Cardwell, the primary service town on the highway between Cairns and Townsville
• 32 on-site car parks (1:25sqm*)
• Primary gateway to Hinchinbrook Island, the Great Barrier Reef and Port Hinchinbrook Marina

|Why|
• The only full-line supermarket offering in a 35km* radius
• Ultra-passive, low-maintenance investment
• Robust, High Quality build, with the tenant responsible for day-to-day upkeep
• Fixed 3% annual rental increases
• Low base rent of $200/sqm*, offering scope for future rental uplift

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