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 10.8 years. The total value of the portfolio is $850 million, reflecting a weighted average capitalisation rate of 5.74%.

Key portfolio metrics

As at 30 June 2022

 Number of properties   112
 Total value  $850m
 Occupancy (by income)  99.7%
 Weighted Average Capitalisation Rate (WACR)  5.74%
 Weighted Average Lease Expiry (WALE) (by income)  10.8 years
 Average annual rent increase*  3.1%
 Number of tenants  170
 Major tenants Chevron, 7-Eleven, EG Australia, Viva Energy Australia, Coles Express, United, Ampol

* Assumes long-term average CPI of 3.0%.

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)
511 Pacific Highway, South Kempsey NSW Chevron Highway $ 27.0 5.50% 12.4 100.0% 49,530
Cnr Northcote Street & Main Road, Kurri Kurri NSW Chevron Highway $ 11.8 5.50% 12.4 100.0% 41,650
3 Blueberry Road, Moree NSW Chevron Highway $ 13.7 6.00% 10.8 100.0% 30,500
397 Pacific Highway, Belmont North NSW EG Australia Metropolitan $ 8.6 4.75% 9.8 100.0% 2,953
Cnr Vardys Road & Turbo Road, Marayong NSW EG Australia Metropolitan $ 10.0 4.50% 8.9 100.0% 4,874
172 New England Highway, Rutherford NSW Chevron Metropolitan $ 7.6 5.25% 12.4 100.0% 2,609
Cnr Weakleys & Glenwood Drives, Thornton NSW Chevron Metropolitan $ 11.5 5.50% 11.1 100.0% 8,550
449 Victoria Street, Wetherill Park NSW Chevron Metropolitan $ 10.7 5.25% 13.1 100.0% 7,024
22-36 Parkes Road, Forbes NSW Ampol Regional $ 9.8 6.00% 7.9 100.0% 3,548
176 Otho Street, Inverell NSW Coles Express Regional $ 5.9 6.00% 7.8 100.0% 1,426
235 Cobra Street, Dubbo (See note 1) NSW Mobil Regional $ 8.8 5.75% - - 4,429
60 Hawkins Crescent, Budamba QLD Chevron Highway $ 22.8 5.75% 12.5 100.0% 18,190
Cnr Edith Street and Bruce Highway, Cluden QLD Chevron Highway $ 16.5 6.00% 12.1 100.0% 10,001
105-115 Cairns Road, Gordonvale QLD United Highway $ 18.8 5.75% 9.1 100.0% 9,150
53793 Bruce Highway, Mt Larcom QLD Chevron Highway $ 8.9 6.00% 11.2 100.0% 12,482
219 Westphalen Drive, Warrego QLD Ampol Highway $ 16.4 5.25% 10.7 100.0% 6,317
4249 and 4288 Bruce Highway, Glass House Mountains Dual Service Centre QLD Viva Energy Highway $ 22.3 5.75% 5.4 98.9% 24,769
1180 Beaudesert Road, Acacia Ridge QLD Viva Energy Metropolitan $ 12.0 5.75% 6.3 100.0% 6,098
35-39 Arnold Street, Aeroglen QLD Chevron Metropolitan $ 4.4 6.50% 11.5 100.0% 3,224
49 Tolga Road, Atherton QLD Chevron Metropolitan $ 2.2 6.75% 12.5 100.0% 1,619
28 Supply Road, Bentley Park QLD Chevron Metropolitan $ 7.2 6.00% 10.5 100.0% 3,251
198 Wayne Goss Drive, Berrinba QLD United Metropolitan $ 9.2 5.50% 12.1 100.0% 3,639
164-170 David Low Way, Bli Bli QLD Chevron Metropolitan $ 5.1 5.50% 11.2 100.0% 3,500
900 Ingham Road, Bohle QLD Chevron Metropolitan $ 7.5 6.50% 11.5 100.0% 7,733
11 Sovereign Avenue, Bray Park QLD 7-Eleven Metropolitan $ 5.4 5.50% 7.1 100.0% 1,967
264 Browns Plains Road, Browns Plains QLD 7-Eleven Metropolitan $ 7.3 5.50% 7.8 100.0% 2,776
44-46 Cessna Drive, Caboolture QLD Chevron Metropolitan $ 8.2 5.50% 8.1 100.0% 4,947
79-89 Mulgrave Road, Cairns QLD Viva Energy Metropolitan $ 6.9 6.50% 8.0 86.7% 2,833
2948 Old Cleveland Road, Capalaba QLD EG Australia Metropolitan $ 6.4 5.25% 9.3 100.0% 3,369
209 Old Gympie Road, Dakabin QLD 7-Eleven Metropolitan $ 5.8 5.50% 9.2 100.0% 3,324
12-14 Rosemary Street, Durack QLD 7-Eleven Metropolitan $ 7.7 5.75% 7.2 100.0% 5,929
282 Wardell Street, Enoggera QLD Chevron Metropolitan $ 2.4 6.00% 11.1 100.0% 1,093
25 Bolam Street, Garbutt QLD Chevron Metropolitan $ 3.2 6.25% 12.4 100.0% 5,100
1 Pub Lane, Greenbank QLD 7-Eleven Metropolitan $ 6.9 5.25% 9.8 100.0% 2,927
185 Brays Road, Griffin QLD 7-Eleven Metropolitan $ 17.4 5.50% 8.8 100.0% 6,737
100 East-West Arterial Road, Hendra QLD Ampol Metropolitan $ 12.4 5.50% 11.2 100.0% 5,929
324-326 Logan River Road, Holmview QLD 7-Eleven Metropolitan $ 12.2 5.50% 9.2 100.0% 3,785
1-3 Juers Street, Kingston QLD 7-Eleven Metropolitan $ 10.5 5.75% 6.6 100.0% 3,205
161 Thozet Road, Koongal QLD Chevron Metropolitan $ 2.6 6.25% 11.5 100.0% 736
708 Gympie Road, Lawnton QLD Viva Energy Metropolitan $ 7.1 5.50% 14.6 100.0% 5,553
Cnr Anzac Avenue & Josey Road, Mango Hill QLD EG Australia Metropolitan $ 6.6 5.50% 9.2 100.0% 4,317
51-55 Aerodrome Road, Maroochydore QLD 7-Eleven Metropolitan $ 8.5 5.50% 8.8 100.0% 2,360
72 Walker Street, Maryborough QLD Chevron Metropolitan $ 2.6 7.00% 13.1 100.0% 1,618
21 Ingham Road, Midtown QLD Chevron Metropolitan $ 6.6 6.00% 13.1 100.0% 2,073
550-560 Samford Road, Mitchelton QLD EG Australia Metropolitan $ 6.5 5.25% 9.4 100.0% 3,188
1029 Ipswich Road, Moorooka QLD Viva Energy Metropolitan $ 11.2 5.75% 8.9 100.0% 3,078
420-426 Mt Cotton Road, Mt Cotton QLD EG Australia Metropolitan $ 7.2 5.25% 9.3 100.0% 4,021
1233 Wynnum Road, Murarrie QLD EG Australia Metropolitan $ 6.6 5.00% 9.1 100.0% 3,625
921 Nambour Connection Road, Nambour QLD Chevron Metropolitan $ 1.7 6.75% 12.1 100.0% 2,097
43 Stapylton Street, North Lakes QLD 7-Eleven Metropolitan $ 11.2 5.25% 9.3 100.0% 4,000
17-25 Toombul Road, Northgate QLD EG Australia Metropolitan $ 6.8 5.00% 9.3 100.0% 2,969
2215 David Low Way, Peregian Beach (see note 2) QLD Chevron Metropolitan $ 4.2 6.25% 11.4 100.0% 1,016
102-104 Cook Street, Portsmith QLD Chevron Metropolitan $ 7.2 6.25% 12.5 100.0% 6,032
1977 Anzac Avenue, Puma Mango Hill QLD Chevron Metropolitan $ 5.7 5.50% 12.1 100.0% 4,366
127 Kingston Road, Puma Woodridge QLD Chevron Metropolitan $ 6.7 5.50% 11.1 100.0% 5,000
63 Raceview Street, Raceview QLD 7-Eleven Metropolitan $ 9.8 5.75% 6.6 91.0% 3,085
353 Redbank Plains Road, Redbank Plains QLD 7-Eleven Metropolitan $ 7.8 5.50% 14.4 100.0% 4,231
77-79 Bowen Street, Rosslea QLD Chevron Metropolitan $ 3.4 5.75% 10.4 100.0% 2,474
124-130 Paradise Road, Slacks Creek QLD EG Australia Metropolitan $ 5.9 5.25% 9.3 100.0% 2,799
983 Waterworks Road, The Gap QLD Chevron Metropolitan $ 4.1 6.00% 11.1 100.0% 2,294
5/1 Brygon Creek Drive, Upper Coomera QLD 7-Eleven Metropolitan $ 7.0 5.50% 8.0 100.0% 3,247
108 Compton Road, Woodridge QLD 7-Eleven Metropolitan $ 6.5 6.00% 7.4 100.0% 1,609
656 Bruce Highway, Woree (see note 2) QLD Chevron Metropolitan $ 1.7 6.75% 10.4 100.0% 1,376
3201 Old Cleveland Road, Chandler QLD Chevron Metropolitan $ 11.9 5.50% 11.2 100.0% 5,730
187 South Pine Rd, Brendale QLD BP Metropolitan $ 9.1 5.25% 11.5 100.0% 4,121
840 Steve Irwin Way, Glasshouse Mountains QLD Chevron Regional $ 6.1 6.50% 12.1 100.0% 5,133
130-132 Edwards Street, Ayr QLD Coles Express Regional $ 5.7 6.25% 7.0 100.0% 2,015
100/22 Nicholson Street, Banana QLD Chevron Regional $ 4.2 7.00% 13.2 100.0% 10,100
19038 Bruce Highway, Bowen QLD Chevron Regional $ 4.9 6.00% 12.5 100.0% 10,806
71 Thompson Street, Charters Towers QLD Chevron Regional $ 6.7 7.75% 12.5 100.0% 28,800
73-77 Railway Street, Gatton QLD Coles Express Regional $ 5.8 6.50% 3.7 100.0% 1,727
2 Mulgrave Street, Gin Gin QLD Chevron Regional $ 4.9 6.75% 9.7 100.0% 20,380
1 Cawdor Road, Highfields QLD 7-Eleven Regional $ 6.4 5.50% 10.8 100.0% 6,657
1 Flinders Street, Monto QLD Chevron Regional $ 1.5 7.00% 11.4 100.0% 1,604
1129 Moranbah Access Road, Moranbah QLD Chevron Regional $ 7.4 6.25% 10.4 100.0% 5,067
437 Yaamba Road, Rockhampton QLD BP Regional $ 6.6 6.50% 4.8 100.0% 1,102
25 Kiernan Drive, Roseneath QLD Chevron Regional $ 8.2 7.00% 13.1 100.0% 13,501
45 Range Road, Sarina QLD Chevron Regional $ 2.3 7.00% 12.4 100.0% 1,679
74 Connor Street, Zilzie QLD Chevron Regional $ 1.8 6.75% 10.4 100.0% 1,300
4545 Flinders Highway, Reid River QLD Chevron Regional $ 3.0 8.50% 11.4 100.0% 21,800
323 North East Road, Hampstead Gardens SA Mobil Metropolitan $ 5.3 5.50% 12.8 100.0% 1,972
225 Womma Road, Edinburgh SA Viva Energy Metropolitan $ 6.7 5.25% 13.0 100.0% 9,371
702 Main Road, Gepps Cross SA Mobil Metropolitan $ 6.0 5.50% 12.8 100.0% 3,850
591 Grand Junction Road, Gepps Cross Grand Junction SA OTR Metropolitan $ 7.7 5.25% 19.1 100.0% 3,850
303 Glen Osmond Road, Glenunga SA OTR Metropolitan $ 6.8 5.00% 19.0 100.0% 1,646
473 North East Road, Hillcrest SA Mobil Metropolitan $ 9.3 5.19% 14.2 100.0% 4,113
52 Aldershot Road, Lonsdale SA Mobil Metropolitan $ 5.4 5.50% 13.8 100.0% 2,400
690-694 Lower North East Road, Paradise SA Mobil Metropolitan $ 6.7 5.50% 13.9 100.0% 2,835
226-228 Bridge Road, Pooraka SA Viva Energy Metropolitan $ 6.4 5.25% 12.5 100.0% 1,977
337 St Vincent Street East, Port Adelaide SA Viva Energy Metropolitan $ 6.3 5.25% 12.4 100.0% 3,851
11-19 Clare Street, Port Adelaide, Grand Junction SA Viva Energy Metropolitan $ 6.5 5.25% 13.2 100.0% 2,891
14 Commercial Road, Shiedow Park SA Mobil Metropolitan $ 7.7 5.40% 13.5 100.0% 2,196
457-459 Victoria Road, Taperoo SA Viva Energy Metropolitan $ 6.2 5.25% 13.1 100.0% 2,077
89 Military Road, West Beach SA OTR Metropolitan $ 5.1 5.25% 18.9 100.0% 1,936
1 Mildred Street, Kapunda SA OTR Regional $ 6.0 6.00% 18.9 100.0% 1,413
193-195 Jubilee Highway East, Mt Gambier SA United Regional $ 7.2 6.00% 13.7 100.0% 7,008
61-65 Old Princes Highway, Murray Bridge Eastside SA OTR Regional $ 4.2 6.25% 18.9 100.0% 3,618
1 Deviation Road, Naracoorte SA OTR Regional $ 8.6 6.00% 18.9 100.0% 9,846
591 Dorset Road, Bayswater North VIC EG Australia Metropolitan $ 6.6 4.50% 9.9 100.0% 4,286
Cnr Thompson Road & Victoria Street, Geelong North VIC EG Australia Metropolitan $ 5.6 4.75% 9.3 100.0% 3,441
229 Balcatta Road, Balcatta WA Chevron Metropolitan $ 7.2 6.00% 10.1 100.0% 2,500
49 Great Eastern Highway, Bellevue WA Viva Energy Metropolitan $ 6.6 6.50% 11.3 100.0% 2,064
Cnr Amherst & Nicholsons Road, Canningvale WA EG Australia Metropolitan $ 7.7 5.75% 9.7 100.0% 2,912
2341 Albany Highway, Gosnells WA Viva Energy Metropolitan $ 5.1 6.00% 12.8 100.0% 1,757
1 Wishart Street, Gwelup WA Chevron Metropolitan $ 4.7 6.00% 11.1 100.0% 1,089
224 Clontarf Road, Hamilton Hill WA Chevron Metropolitan $ 5.9 6.00% 11.1 100.0% 1,998
752 North Lake Road, South Lake WA EG Australia Metropolitan $ 8.5 5.75% 9.6 100.0% 4,287
485 Balfour Street, Southern River WA 7-Eleven Metropolitan $ 6.0 6.00% 10.2 100.0% 1,993
1 Kakadu Road, Yanchep WA Chevron Metropolitan $ 7.0 6.25% 13.3 100.0% 3,068
Lot 401 Great Northern Highway, South Hedland WA Chevron Regional $ 6.2 7.50% 11.3 100.0% 4,027
1182 Chapman Road, 440 Roadhouse WA Chevron Regional $ 5.7 7.50% 12.1 100.0% 11,372
342 Albany Highway, Orana WA Viva Energy Regional $ 6.8 6.50% 10.6 100.0% 3,220

Notes:

  1. Under development as at 30 June 2022 and completed in July 2022. Occupancy and WALE metrics not included in portfolio total.
  2. Note 2: Exchanged contracts to sell post 30 June 2022.
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