Stonebridge National Investment Sales is pleased to present 99 Bikes and Straight Smile Centre Modbury (Adelaide) for sale via Immediate Offers to Purchase.

The asset boasts the following key investment features:

• 99 Bikes – Brand new 5 year head company net lease to 2028 + options to 2038 with fixed 3% annual rent increases
• Wholly owned subsidiary of Pedal Group with 64+ stores nationwide, backed by ASX listed Flight Centre
• Straight Smile Centre – Secure 10 year lease to 2029 + options to 2039 with fixed 2.5% annual rent increases
• Leading Orthodontics provider across 8 locations, pioneer of revolutionary Invisalign Technology in Australia
• Large 2,444 sqm* site with 37 car parks and expansive 982 sqm* medical and retail accommodation, boasting significant tenant investment into modern fitouts and improvements
• Ideal position on key arterial, boasting circa 44m of frontage to North East Road A10, carrying 46,400+ vehicles daily*
• Prime metro location just 1.5km* from Adelaide’s second largest shopping centre, Westfield Tea Tree Plaza, welcoming 10.4 million* customers annually
• Modbury – Major ‘activity centre’ 10km* from Adelaide CBD, home to 174 bed Modbury Hospital and extensive list of blue-chip tenants including Myer, Bunnings, Woolworths, Coles, ALDI, McDonald’s, KFC and Hungry Jack’s
• Adelaide – World-class city with innovative $21.9 billion* economy and $12 billion* of recent and active city shaping projects, supporting a population forecast to explode to 2.3 million by 2050
• Highly secure lease structures – Corporate and director’s personal guarantees, ensuring performance for the life of the lease
• Stamp Duty free investment – No Stamp Duty payable on commercial real estate purchases in South Australia
• Net Income $227,530 pa + GST

99 Bikes and Straight Smile Centre Modbury (Adelaide) is for sale via Immediate Offers to Purchase.

Please contact the exclusively appointed Stonebridge property professionals for more information.

*Approximately