Property Portfolio

Overview

Convenience Retail’s portfolio comprises 112 service station sites predominantly located on the Eastern Seaboard states of Australia. The portfolio is a combination of proven operating locations and brand new sites and has a weighted average lease expiry of 11.5 years. The total value of the portfolio is $803 million, reflecting a weighted average capitalisation rate of 5.82%.

Key portfolio metrics

As at 31 December 2021

 Number of properties   112
 Total value  $803m
 Occupancy (by income)  99.7%
 Weighted Average Capitalisation Rate (WACR)  5.82%
 Weighted Average Lease Expiry (WALE) (by income)  11.5 years
 Average annual rent increase*  3.0%
 Number of tenants  164
 Major tenants  Chevron, 7-Eleven, EG Australia, Viva Energy Australia, Coles Express, United, Ampol

* Assumes CPI of 2.25%.

DXC's property portfolio is available to download here or please scroll down to view.

Portfolio summary

Property State Major Tenant Site Type Book Value ($m) Cap Rate WALE (years) Occupancy (by income) Land Area (sqm)
397 Pacific Highway, Belmont North NSW EG Australia Metropolitan 9.1 4.50% 10.3 100% 2,953
235 Cobra Street, Dubbo1 NSW Mobil Regional 6.3 6.00% - - 4,429
22-36 Parkes Road, Forbes NSW Ampol Regional 9.6 6.00% 8.4 100% 3,548
176 Otho Street, Inverell NSW Coles Express Regional 5.9 6.00% 8.3 100% 1,426
Cnr Northcote Street & Main Road, Kurri Kurri NSW Chevron Highway 11.8 5.50% 12.9 100% 41,650
Cnr Vardys Road & Turbo Road, Marayong NSW EG Australia Metropolitan 9.4 4.75% 9.4 100% 4,874
3 Blueberry Road, Moree NSW Chevron Highway 13.3 6.00% 11.3 100% 30,500
172 New England Highway, Rutherford NSW Chevron Metropolitan 7.6 5.25% 12.9 100% 2,609
Kempsey South Service Centre, 511 Pacific Highway, South Kempsey NSW Chevron Highway 26.2 5.50% 12.9 100% 49,530
Cnr Weakleys & Glenwood Drives, Thornton NSW Chevron Metropolitan 11.5 5.50% 11.6 100% 8,550
449 Victoria Street, Wetherill Park NSW Chevron Metropolitan 10.7 5.25% 13.6 100% 7,024
1180 Beaudesert Road, Acacia Ridge QLD Viva Energy Metropolitan 12.0 5.75% 6.8 100% 6,098
35-39 Arnold Street, Aeroglen QLD Chevron Metropolitan 4.4 6.50% 12.0 100% 3,224
49 Tolga Road, Atherton QLD Chevron Metropolitan 2.2 6.75% 13.0 100% 1,619
130-132 Edwards Street, Ayr QLD Coles Express Regional 5.1 6.75% 7.5 100% 2,015
100/22 Nicholson Street, Banana QLD Chevron Regional 3.9 7.50% 13.7 100% 10,100
28 Supply Road, Bentley Park QLD Chevron Metropolitan 7.2 6.00% 10.9 100% 3,251
198 Wayne Goss Drive, Berrinba QLD United Metropolitan 8.7 6.00% 12.6 100% 3,639
164-170 David Low Way, Bli Bli QLD Chevron Metropolitan 3.9 7.00% 11.6 100% 3,500
900 Ingham Road, Bohle QLD Chevron Metropolitan 7.5 6.50% 11.9 100% 7,733
19038 Bruce Highway, Bowen QLD Chevron Regional 4.3 6.75% 13.0 100% 10,806
11 Sovereign Avenue, Bray Park QLD 7-Eleven Metropolitan 4.8 6.00% 7.6 100% 1,967
264 Browns Plains Road, Browns Plains QLD 7-Eleven Metropolitan 6.7 6.00% 8.3 100% 2,776
10 Takalvan Street, Bundaberg West QLD Chevron Metropolitan 2.4 5.75% 13.0 100% 898
60 Hawkins Crescent, Bundamba QLD Chevron Highway 22.8 5.75% 12.9 100% 18,190
44-46 Cessna Drive, Caboolture QLD Chevron Metropolitan 7.3 6.00% 8.9 100% 4,947
79-89 Mulgrave Road, Cairns QLD Viva Energy Metropolitan 6.9 6.50% 9.7 100% 2,833
2948 Old Cleveland Road, Capalaba QLD EG Australia Metropolitan 6.2 5.25% 9.8 100% 3,369
3201 Old Cleveland Road, Chandler QLD Chevron Metropolitan 11.7 5.75% 12.2 100% 5,730
Cnr Edith Street and Bruce Highway, Cluden QLD Chevron Highway 16.5 6.00% 12.6 100% 10,001
209 Old Gympie Road, Dakabin QLD 7-Eleven Metropolitan 5.8 5.50% 9.7 100% 3,324
12-14 Rosemary Street, Durack QLD 7-Eleven Metropolitan 7.4 5.75% 7.7 100% 5,929
282 Wardell Street, Enoggera QLD Chevron Metropolitan 2.5 6.00% 11.6 100% 1,093
25 Bolam Street, Garbutt QLD Chevron Metropolitan 3.2 6.25% 12.9 100% 5,100
73-77 Railway Street, Gatton QLD Coles Express Regional 5.6 6.50% 4.2 100% 1,727
2 Mulgrave Street, Gin Gin QLD Chevron Regional 4.5 7.00% 10.2 100% 20,380
840 Steve Irwin Way, Glass House Mountains QLD Chevron Regional 5.8 6.75% 12.6 100% 5,133
105-115 Cairns Road, Gordonvale QLD United Highway 18.4 5.75% 9.6 100% 9,150
1 Pub Lane, Greenbank QLD 7-Eleven Metropolitan 6.6 5.25% 10.3 100% 2,927
1 Tesch Road, Griffin QLD 7-Eleven Metropolitan 17.5 5.50% 8.9 100% 6,737
100 East-West Arterial Road, Hendra QLD Ampol Metropolitan 11.9 5.50% 11.7 100% 5,929
1 Cawdor Road, Highfields QLD 7-Eleven Regional 6.3 5.50% 11.3 100% 6,657
324-326 Logan River Road, Holmview QLD 7-Eleven Metropolitan 12.1 5.50% 9.1 100% 3,785
273-279 Gympie Road, Kedron QLD Chevron Metropolitan 4.2 6.00% 13.6 100% 1,604
1-3 Juers Street, Kingston QLD 7-Eleven Metropolitan 10.2 5.75% 7.1 100% 3,205
161 Thozet Road, Koongal QLD Chevron Metropolitan 2.6 6.25% 12.0 100% 736
708 Gympie Road, Lawnton QLD Viva Energy Metropolitan 4.8 7.00% 15.0 100% 5,553
Cnr Anzac Avenue & Josey Road, Mango Hill QLD EG Australia Metropolitan 6.6 5.50% 9.7 100% 4,317
1977 Anzac Avenue, Mango Hill QLD Chevron Metropolitan 4.9 6.25% 12.6 100% 4,366
51-55 Aerodrome Road, Maroochydore QLD 7-Eleven Metropolitan 8.4 5.50% 9.3 100% 2,360
72 Walker Street, Maryborough QLD Chevron Metropolitan 2.5 7.25% 13.6 100% 1,618
21 Ingham Road, Midtown QLD Chevron Metropolitan 6.6 6.00% 13.6 100% 2,073
550-560 Samford Road, Mitchelton QLD EG Australia Metropolitan 6.3 5.25% 9.9 100% 3,188
1 Flinders Street, Monto QLD Chevron Regional 1.5 7.00% 11.9 100% 1,604
1029 Ipswich Road, Moorooka QLD Viva Energy Metropolitan 11.0 5.75% 9.4 100% 3,078
1129 Moranbah Access Road, Moranbah QLD Chevron Regional 7.1 6.50% 10.9 100% 5,067
71 Thompson Street, Mosman Park QLD Chevron Regional 6.5 8.00% 13.0 100% 28,800
420-426 Mt Cotton Road, Mt Cotton QLD EG Australia Metropolitan 7.3 5.25% 9.8 100% 4,021
53793 Bruce Highway, Mt Larcom QLD Chevron Highway 8.9 6.00% 11.7 100% 12,482
1233 Wynnum Road, Murarrie QLD EG Australia Metropolitan 6.6 5.00% 9.6 100% 3,625
921 Nambour Connection Road, Nambour QLD Chevron Metropolitan 1.5 7.25% 12.6 100% 2,097
43 Stapylton Street, North Lakes QLD 7-Eleven Metropolitan 11.1 5.25% 9.9 100% 4,000
17-25 Toombul Road, Northgate QLD EG Australia Metropolitan 6.6 5.00% 9.8 100% 2,969
2215 David Low Way, Peregian Beach QLD Chevron Metropolitan 4.2 6.25% 11.9 100% 1,016
102-104 Cook Street, Portsmith QLD Chevron Metropolitan 7.2 6.25% 13.0 100% 6,032
63 Raceview Street, Raceview QLD 7-Eleven Metropolitan 10.3 5.75% 5.8 80% 3,085
353 Redbank Plains Road, Redbank Plains QLD 7-Eleven Metropolitan 6.4 6.00% 14.9 100% 4,231
4545 Flinders Highway, Reid River QLD Chevron Regional 3.0 8.50% 11.9 100% 21,800
437 Yaamba Road, Rockhampton QLD BP Regional 6.0 6.75% 5.3 100% 1,102
25 Kiernan Drive, Roseneath QLD Chevron Regional 8.2 7.00% 13.6 100% 13,501
77-79 Bowen Street, Rosslea QLD Chevron Metropolitan 3.4 5.75% 10.9 100% 2,474
45 Range Road, Sarina QLD Chevron Regional 2.3 7.00% 12.9 100% 1,679
124-130 Paradise Road, Slacks Creek QLD EG Australia Metropolitan 5.9 5.25% 9.8 100% 2,799
983 Waterworks Road, The Gap QLD Chevron Metropolitan 4.2 6.00% 11.6 100% 2,294
5/1 Brygon Creek Drive, Upper Coomera QLD 7-Eleven Metropolitan 7.1 5.50% 8.5 100% 3,247
219 Westphalen Drive, Warrego QLD Ampol Highway 16.0 5.25% 11.2 100% 6,317
127 Kingston Road, Woodridge QLD Chevron Metropolitan 6.0 6.00% 11.6 100% 5,000
108 Compton Road, Woodridge QLD 7-Eleven Metropolitan 6.5 6.00% 7.9 100% 1,609
656 Bruce Highway, Woree QLD Chevron Metropolitan 1.7 6.75% 10.9 100% 1,376
74 Connor Street, Zilzie QLD Chevron Regional 1.8 6.75% 10.9 100% 1,300
225 Womma Road, Edinburgh SA Viva Energy Metropolitan 6.5 5.25% 13.5 100% 9,371
702 Main Road, Gepps Cross SA Mobil X Metropolitan 5.8 5.50% 13.3 100% 3,850
591 Grand Junction Road, Gepps Cross Grand Junction SA OTR Metropolitan 7.7 5.25% 19.6 100% 3,850
303 Glen Osmond Road, Glenunga SA OTR Metropolitan 6.6 5.00% 19.5 100% 1,646
11-19 Clare Street, Port Adelaide, Grand Junction SA Viva Energy Metropolitan 6.5 5.25% 13.7 100% 2,891
323 North East Road, Hampstead Gardens SA Mobil X Metropolitan 5.2 5.50% 13.3 100% 1,972
473 North East Road, Hillcrest SA Mobil X Metropolitan 9.1 5.19% 15.0 100% 4,113
1 Mildred Street, Kapunda SA OTR Regional 5.8 6.00% 19.4 100% 1,413
52 Aldershot Road, Lonsdale SA Mobil X Metropolitan 5.3 5.50% 14.3 100% 2,400
193-195 Jubilee Highway East, Mt Gambier SA United Regional 6.9 6.00% 14.2 100% 7,008
61-65 Old Princes Highway, Murray Bridge Eastside SA OTR Regional 4.1 6.25% 19.4 100% 3,618
1 Deviation Road, Naracoorte SA OTR Regional 8.3 6.00% 19.4 100% 9,846
690-694 Lower North East Road, Paradise SA Mobil X Metropolitan 6.5 5.50% 14.4 100% 2,835
226-228 Bridge Road, Pooraka SA Viva Energy Metropolitan 6.2 5.25% 13.0 100% 1,977
337 St Vincent Street East, Port Adelaide SA Viva Energy Metropolitan 6.3 5.25% 12.9 100% 3,851
14 Commercial Road, Shiedow Park SA Mobil X Metropolitan 7.7 5.40% 14.0 100% 2,196
457-459 Victoria Road, Taperoo SA Viva Energy Metropolitan 6.2 5.25% 13.6 100% 2,077
89 Military Road, West Beach SA OTR Metropolitan 4.9 5.25% 19.4 100% 1,936
591 Dorset Road, Bayswater North VIC EG Australia Metropolitan 6.5 4.50% 9.5 100% 4,286
Cnr Thompson Road & Victoria Street, Geelong North VIC EG Australia Metropolitan 5.2 5.00% 9.8 100% 3,441
229 Balcatta Road, Balcatta WA Chevron Metropolitan 7.3 6.00% 10.7 100% 2,500
49 Great Eastern Highway, Bellevue WA Viva Energy Metropolitan 6.8 6.50% 11.7 100% 2,064
Cnr Amherst & Nicholsons Road, Canningvale WA EG Australia Metropolitan 7.7 5.75% 10.2 100% 2,912
1182 Chapman Road, Glenfield WA Chevron Regional 5.5 7.75% 12.6 100% 11,372
2341 Albany Highway, Gosnells WA Viva Energy Metropolitan 5.1 6.00% 13.3 100% 1,757
1 Wishart Street, Gwelup WA Chevron Metropolitan 4.7 6.00% 11.6 100% 1,089
224 Clontarf Road, Hamilton Hill WA Chevron Metropolitan 5.9 6.00% 11.6 100% 1,998
342 Albany Highway, Orana WA Viva Energy Regional 6.6 6.50% 11.1 100% 3,220
Lot 401 Great Northern Highway, South Hedland WA Chevron Regional 6.2 7.50% 11.8 100% 4,027
752 North Lake Road, South Lake WA EG Australia Metropolitan 8.4 5.75% 10.1 100% 4,287
485 Balfour Street, Southern River WA 7-Eleven Metropolitan 6.0 6.00% 10.7 100% 1,993
1 Kakadu Road, Yanchep WA Chevron Metropolitan 7.0 6.25% 13.8 100% 3,068
Portfolio total 802.9 5.82% 11.5 99.7% 628,149
187 South Pine Road, Brendale2 QLD BP Metropolitan 9.1 5.21% 12.2 100% 4,121

Notes
1. Under development, occupation and WALE metrics not included in portfolio total.
2. Site settled 4 February 2022, post 31 December 2021 and is therefore excluded from portfolio total above. Acquired for $9.1 million plus acquisition costs.

Back to top