Sales of 7-Elevens during 2011 secure investors yields of between 4.6% and 8.5%

Commercial property investors have snapped up more than $90 million worth of refurbished 7-Eleven service stations across NSW and Victoria since the retail group began auctioning them off earlier this year.

The stores, which all come with 15-year leases and guaranteed tenant income, have been sold to investors with prices ranging from $1.6 million for a 1,900-square-metre service station in Bayswater East in Melbourne to up to $4.6 million for a 2,824-square-metre site in Turramurra.

Yields have ranging from 4.6% to as high 8.5%.

Currently, just one refurbished 7-Eleven remains up for sale, a 2,500-square-metre site at Mount Druitt site in Sydney’s outer west, which has annual income of $316,000 and is being marketed by Charles Gonzalez of Burgess Rawson.

However, investors with an eye for these colourful assets should not despair. Jones Lang LaSalle’s John Macree, who led the most recent campaign culminating in 10 sales of 7-Elevens at auction in NSW, says the property group is working with 7-Eleven to prepare further properties for sale in 2012.

To make sure you are getting a fair return on your investment in 2012, scroll down this list of yields achieved in 2011:

4.63%

The yield achieved for the 7-Eleven in Kensington in Sydney’s inner east. The site measures 1,429 square metres and is located at the corner of Anzac Parade and Todman Avenue. It sold for $2.4 million, with annual rent commencing at $150,000

4.96%

The yield achieved for the 7-Eleven in Woolooware in Sydney’s Southern suburbs. The site measures 2,530 square metres and is located at 192 -196 Kingsway. It has annual rent commencing at $170,000

5.74%

The yield achieved for the 7-Eleven in Turramurra on Sydney’s North Shore. The site measures 2,824 square metres and is located at 1408 Pacific Highway. It sold for $4.6 million and has annual rent commencing at $320,000.

5.91%

The yield achieved for the 7-Eleven in South Strathfield in Sydney’s western suburbs. The site measures 4,998 square metres and is located at 577 Liverpool Road. It sold for $2.63 million with annual rent commencing at $200,000

5.95%

The yield achieved for the 7-Eleven in Lindfield on Sydney’s North Shore. The site measures 1,708 square metres and is located 238-240 Pacific Highway. It has annual rent commencing at $185,000.

5.95%

The yield achieved for the 7-Eleven in Ryde in Sydney’s outer west. The site measures 2,093 square metres and is located at 328 Blaxland Road. It has annual rent commencing at $180,000

6.02%

The yield achieved for the 7-Eleven in Hoppers Crossing in Melbourne’s outer south west. The site measures 5,575 square metres and is located at the corner of Old Geelong and Heaths roads. It sold for $3.49 million with annual rent commencing at $210,000

6.22%

The yield achieved for the 7-Eleven in Gymea in Sydney’s Southern suburbs. The site measures 1,233 square metres and is located at 110 Gymea Road and 353 President Avenue. It sold for $2.05 million and has annual rent commencing at $140,000.

6.51%

The yield achieved for the 7-Eleven in Brandon Park in Melbourne’s east. The site measures 2,720 square metres and is located at the corner of Springvale and Ferntree Gully roads. It sold for $2.92 million and has annual rent commencing at $190,000.

6.79%

The yield achieved for the 7-Eleven in Epping in Melbourne’s north. The site measures 5,204 square metres and is located at the corner of Dalton and Childs roads. It sold for $2.21 million and has annual rent commencing at $150,000.

6.88%

The yield achieved for the 7-Eleven in Granville in Sydney’s West. The site measures 1,499 square metres and is located at the corner of Parramatta Road and Harbord Street. It sold for $2.56 million and has annual rent commencing at $200,000.

6.91%

The yield achieved for the 7-Eleven in Artarmon, on Sydney’s North Shore. The site measures 1,548 square metres and is located at 477 Pacific Highway. It sold for $2.72 million and has annual rent commencing at $210,000.

6.98%

The strong yield achieved on the 1,463-square-metre Lilydale site on the corner of Maroondah Highway and Cave Hill Road in Melbourne. The Lilydale site was one of two sold to a private investor before the end of June and one of the smallest properties sold to date. The service station brings in $130,000 in annual rent.

7.31%

The yield achieved for the 7-Eleven in Lansvale, on Sydney’s south west. The site measures 4,874 square metres and is located at 22-36 Hume Highway. It has annual rent commencing at $200,000.

7.34%

The yield achieved for the 7-Eleven in Edensor Park, in Sydney’s outer west. The site measures 7,451 square metres and is located at the corner of Cowpasture and Elizabeth roads. It sold for $3.35 million has annual rent commencing at $260,000.

7.42%

The yield achieved for the 7-Eleven in Yagoona in Bankstown in Sydney’s outer west. The site measures 1,267 square metres and is located at 519 Hume Highway. It sold for $3.35 million has annual rent commencing at $170,000.

7.48%

The yield achieved for the 7-Eleven in St Mary’s in Penrith in Sydney’s outer west. The site measures 4,328 square metres and is located at 2 Wilson Street. It sold for $3.35 million and has annual rent commencing at $220,000.

7.59%

The yield achieved for the 7-Eleven in Ingleburn in Sydney’s outer south west. The site measures 1,728 square metres and is located at 72 Cumberland Highway. It has annual rent commencing at $160,000.

7.73%

The yield achieved for the 7-Eleven in Emu Heights in Sydney’s outer south west. The site measures 3,328 square metres and is located at 126-128 Old Bathurst Road. It sold for $3.35 million and has annual rent commencing at $190,000.

7.93%

The yield achieved for the 7-Eleven in Tullamarine near the Melbourne Airport. The site measures 1,864 square metres and is located at corner of Mickleham and Melrose roads. It sold for $2.27 million and has annual rent commencing at $180,000.

7.98%

The yield achieved for the 7-Eleven in Blaxland in the Blue Mountains. The site measures 1,809 square metres and is located at 137 Great Western Highway. It sold for $2.25 million and has annual rent commencing at $190,000.

8.11%

The yield achieved for the 7-Eleven in Ringwood in the Melbourne’s east. The site measures 2,956 square metres and is located on the corner of Warrandyte and Loughnan roads. It sold for $2.65 million and has annual rent commencing at $190,000.

8.31%

The yield achieved for the 7-Eleven in Bayswater East in Melbourne’s East. The site measures 1,932 square metres and is located at the corner of Dorset Road and Mountain Highway. It sold for $1.685 million and has annual rent commencing at $140,000.

8.45%

The yields achieved following the sale of the 2,738-square-metre Blackburn South site at 2 Canterbury Road before auction at the end of June. The service station has annual rent commencing at $140,000.  

8.53% 

The yield achieved for the 7-Eleven in Lambton in Newcastle. The site measures 1,932 square metres and is located at the corner of Dorset Road and Mountain Highway. It sold for $2.13 million has annual rent commencing at $190,000.