Property Portfolio
Overview
Convenience Retail’s portfolio comprises 109 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 10.2 years. The total value of the portfolio is $822 million, reflecting a weighted average capitalisation rate of 5.90%.
Key portfolio metrics
As at 31 December 2022
|
Number of properties |
109 |
|
Total value |
$822m |
|
Occupancy (by income) |
99.4% |
|
Weighted Average Capitalisation Rate (WACR) |
5.90% |
|
Weighted Average Lease Expiry (WALE) (by income) |
10.2 years |
|
Average annual rent increase* |
3.1% |
|
Major tenants |
Chevron, 7-Eleven, EG Australia, Viva Energy Australia, Coles Express, United, Ampol |
* Assumes long-term average CPI of 3.0%.
DXC's property portfolio is available to download here or please scroll down to view.
Dexus Convenience Retail REIT Contact
Portfolio summary
|
Property |
State |
Major Tenant |
Site Type |
Book Value ($m) |
Weighted Average Cap Rate |
WALE (By Income) |
Occupancy (By Income) |
Land Area sqm |
|
397 Pacific Highway, Belmont North |
NSW |
EG Australia |
Metropolitan |
$ 8.6 |
4.8% |
9.2 |
100.0% |
2,953 |
|
22-36 Parkes Road, Forbes |
NSW |
Ampol |
Regional |
$ 9.1 |
6.3% |
7.4 |
100.0% |
19,800 |
|
176 Otho Street, Inverell |
NSW |
Coles Express |
Regional |
$ 5.9 |
6.3% |
7.6 |
100.0% |
2,132 |
|
511 Pacific Highway, Kempsey South Service Centre |
NSW |
Chevron |
Highway |
$ 27.8 |
5.5% |
11.9 |
100.0% |
49,530 |
|
Cnr Northcote Street & Main Road, Kurri Kurri |
NSW |
Chevron |
Highway |
$ 11.6 |
5.8% |
11.9 |
100.0% |
41,650 |
|
Cnr Vardys Road & Turbo Road, Marayong |
NSW |
EG Australia |
Metropolitan |
$ 9.8 |
4.8% |
7.4 |
100.0% |
4,874 |
|
3 Blueberry Road, Moree |
NSW |
Chevron |
Highway |
$ 13.2 |
6.3% |
10.3 |
100.0% |
30,500 |
|
172 New England Highway, Rutherford |
NSW |
Chevron |
Metropolitan |
$ 7.5 |
5.5% |
11.9 |
100.0% |
2,609 |
|
Cnr Weakleys & Glenwood Drives, Thornton |
NSW |
Chevron |
Metropolitan |
$ 11.3 |
5.8% |
10.6 |
100.0% |
8,550 |
|
449 Victoria Street, Wetherill Park |
NSW |
Chevron |
Metropolitan |
$ 11.0 |
5.3% |
12.6 |
100.0% |
7,024 |
|
235 Cobra Street, Dubbo |
NSW |
Mobil |
Regional |
$ 8.8 |
5.8% |
11.4 |
100.0% |
4,429 |
|
1180 Beaudesert Road, Acacia Ridge |
QLD |
Viva Energy |
Metropolitan |
$ 12.5 |
5.8% |
5.8 |
100.0% |
6,098 |
|
35-39 Arnold Street, Aeroglen |
QLD |
Chevron |
Metropolitan |
$ 4.3 |
6.8% |
10.9 |
100.0% |
3,224 |
|
49 Tolga Road, Atherton |
QLD |
Chevron |
Metropolitan |
$ 2.1 |
7.3% |
11.9 |
100.0% |
1,619 |
|
130-132 Edwards Street, Ayr |
QLD |
Coles Express |
Regional |
$ 5.5 |
6.5% |
6.5 |
100.0% |
2,015 |
|
100/22 Nicholson Street, Banana |
QLD |
Chevron |
Regional |
$ 4.0 |
7.5% |
12.7 |
100.0% |
10,100 |
|
28 Supply Road, Bentley Park |
QLD |
Chevron |
Metropolitan |
$ 7.1 |
6.3% |
9.9 |
100.0% |
3,251 |
|
198 Wayne Goss Drive, Berrinba |
QLD |
United |
Metropolitan |
$ 9.1 |
5.8% |
11.6 |
100.0% |
3,639 |
|
164-170 David Low Way, Bli Bli |
QLD |
Chevron |
Metropolitan |
$ 5.1 |
5.5% |
10.6 |
100.0% |
3,500 |
|
900 Ingham Road, Bohle |
QLD |
Chevron |
Metropolitan |
$ 7.2 |
7.0% |
10.9 |
100.0% |
7,733 |
|
19038 Bruce Highway, Bowen |
QLD |
Chevron |
Regional |
$ 4.8 |
6.3% |
11.9 |
100.0% |
10,806 |
|
11 Sovereign Avenue, Bray Park |
QLD |
7-Eleven |
Metropolitan |
$ 5.2 |
5.8% |
6.6 |
100.0% |
1,967 |
|
264 Browns Plains Road, Browns Plains |
QLD |
7-Eleven |
Metropolitan |
$ 7.0 |
5.8% |
7.3 |
100.0% |
2,776 |
|
44-46 Cessna Drive, Caboolture |
QLD |
Chevron |
Metropolitan |
$ 8.0 |
5.8% |
8.8 |
100.0% |
4,947 |
|
79-89 Mulgrave Road, Cairns |
QLD |
Viva Energy |
Metropolitan |
$ 7.2 |
6.5% |
7.8 |
88.5% |
2,833 |
|
2948 Old Cleveland Road, Capalaba |
QLD |
EG Australia |
Metropolitan |
$ 6.6 |
5.3% |
8.8 |
100.0% |
3,369 |
|
71 Thompson Street, Charters Towers |
QLD |
Chevron |
Regional |
$ 6.7 |
8.0% |
11.9 |
100.0% |
28,800 |
|
60 Hawkins Crescent, Citiswich Service Centre |
QLD |
Chevron |
Highway |
$ 23.5 |
5.8% |
11.9 |
100.0% |
18,190 |
|
Cnr Edith Street and Bruce Highway, Cluden |
QLD |
Chevron |
Highway |
$ 17.0 |
6.0% |
11.6 |
100.0% |
15,010 |
|
209 Old Gympie Road, Dakabin |
QLD |
7-Eleven |
Metropolitan |
$ 5.7 |
6.0% |
8.7 |
100.0% |
3,324 |
|
12-14 Rosemary Street, Durack |
QLD |
7-Eleven |
Metropolitan |
$ 7.4 |
6.0% |
6.7 |
100.0% |
5,929 |
|
25 Bolam Street, Garbutt |
QLD |
Chevron |
Metropolitan |
$ 3.0 |
6.8% |
11.9 |
100.0% |
5,100 |
|
73-77 Railway Street, Gatton |
QLD |
Coles Express |
Regional |
$ 5.6 |
6.8% |
3.2 |
100.0% |
1,727 |
|
2 Mulgrave Street, Gin Gin |
QLD |
Chevron |
Regional |
$ 4.7 |
7.0% |
9.2 |
100.0% |
18,080 |
|
840 Steve Irwin Way, Glasshouse Mountains |
QLD |
Chevron |
Regional |
$ 5.8 |
7.0% |
11.6 |
100.0% |
5,133 |
|
105-115 Cairns Road, Gordonvale |
QLD |
United |
Highway |
$ 17.9 |
6.0% |
8.3 |
100.0% |
9,150 |
|
1 Pub Lane, Greenbank |
QLD |
7-Eleven |
Metropolitan |
$ 6.7 |
5.5% |
9.3 |
100.0% |
2,927 |
|
185 Brays Road, Griffin |
QLD |
7-Eleven |
Metropolitan |
$ 17.0 |
5.8% |
8.2 |
100.0% |
6,737 |
|
100 East-West Arterial Road, Hendra |
QLD |
Ampol |
Metropolitan |
$ 12.2 |
5.5% |
10.0 |
92.9% |
5,929 |
|
1 Cawdor Road, Highfields |
QLD |
7-Eleven |
Regional |
$ 6.3 |
5.8% |
10.3 |
100.0% |
6,657 |
|
324-326 Logan River Road, Holmview |
QLD |
7-Eleven |
Metropolitan |
$ 12.3 |
5.5% |
8.4 |
100.0% |
3,785 |
|
1-3 Juers Street, Kingston |
QLD |
7-Eleven |
Metropolitan |
$ 10.4 |
6.0% |
5.9 |
100.0% |
3,205 |
|
161 Thozet Road, Koongal |
QLD |
Chevron |
Metropolitan |
$ 2.5 |
6.8% |
10.9 |
100.0% |
736 |
|
708 Gympie Road, Lawnton |
QLD |
Viva Energy |
Metropolitan |
$ 6.8 |
5.8% |
14.1 |
100.0% |
5,553 |
|
Cnr Anzac Avenue & Josey Road, Mango Hill |
QLD |
EG Australia |
Metropolitan |
$ 6.5 |
5.8% |
8.7 |
100.0% |
4,317 |
|
51-55 Aerodrome Road, Maroochydore |
QLD |
7-Eleven |
Metropolitan |
$ 8.3 |
5.8% |
8.2 |
100.0% |
2,360 |
|
72 Walker Street, Maryborough |
QLD |
Chevron |
Metropolitan |
$ 2.5 |
7.5% |
12.6 |
100.0% |
1,618 |
|
21 Ingham Road, Midtown |
QLD |
Chevron |
Metropolitan |
$ 6.5 |
6.3% |
12.6 |
100.0% |
2,705 |
|
550-560 Samford Road, Mitchelton |
QLD |
EG Australia |
Metropolitan |
$ 6.4 |
5.5% |
8.8 |
100.0% |
3,188 |
|
1 Flinders Street, Monto |
QLD |
Chevron |
Regional |
$ 1.4 |
7.5% |
10.9 |
100.0% |
1,604 |
|
1029 Ipswich Road, Moorooka |
QLD |
Viva Energy |
Metropolitan |
$ 12.0 |
5.8% |
8.5 |
100.0% |
3,078 |
|
1129 Moranbah Access Road, Moranbah |
QLD |
Chevron |
Regional |
$ 7.4 |
6.5% |
9.9 |
100.0% |
5,067 |
|
420-426 Mt Cotton Road, Mt Cotton |
QLD |
EG Australia |
Metropolitan |
$ 7.2 |
5.5% |
8.8 |
100.0% |
4,021 |
|
53793 Bruce Highway, Mt Larcom |
QLD |
Chevron |
Highway |
$ 9.2 |
6.0% |
10.7 |
100.0% |
12,482 |
|
1233 Wynnum Road, Murarrie |
QLD |
EG Australia |
Metropolitan |
$ 6.5 |
5.3% |
8.6 |
100.0% |
3,625 |
|
921 Nambour Connection Road, Nambour |
QLD |
Chevron |
Metropolitan |
$ 1.7 |
7.0% |
11.6 |
100.0% |
2,097 |
|
43 Stapylton Street, North Lakes |
QLD |
7-Eleven |
Metropolitan |
$ 10.7 |
5.5% |
8.8 |
100.0% |
4,000 |
|
17-25 Toombul Road, Northgate |
QLD |
EG Australia |
Metropolitan |
$ 6.8 |
5.3% |
8.8 |
100.0% |
2,969 |
|
102-104 Cook Street, Portsmith |
QLD |
Chevron |
Metropolitan |
$ 6.9 |
6.8% |
12.0 |
100.0% |
6,032 |
|
1977 Anzac Avenue, Puma Mango Hill |
QLD |
Chevron |
Metropolitan |
$ 5.4 |
5.8% |
11.6 |
100.0% |
4,366 |
|
127 Kingston Road, Puma Woodridge |
QLD |
Chevron |
Metropolitan |
$ 6.5 |
5.8% |
10.6 |
100.0% |
5,000 |
|
63 Raceview Street, Raceview |
QLD |
7-Eleven |
Metropolitan |
$ 8.8 |
6.0% |
7.3 |
86.4% |
3,085 |
|
353 Redbank Plains Road, Redbank Plains |
QLD |
7-Eleven |
Metropolitan |
$ 7.7 |
5.8% |
13.9 |
100.0% |
4,231 |
|
437 Yaamba Road, Rockhampton |
QLD |
BP |
Regional |
$ 6.4 |
6.8% |
4.3 |
100.0% |
1,102 |
|
77-79 Bowen Street, Rosslea |
QLD |
Chevron |
Metropolitan |
$ 3.3 |
6.3% |
9.9 |
100.0% |
2,474 |
|
45 Range Road, Sarina |
QLD |
Chevron |
Regional |
$ 2.2 |
7.5% |
11.9 |
100.0% |
1,679 |
|
124-130 Paradise Road, Slacks Creek |
QLD |
EG Australia |
Metropolitan |
$ 5.9 |
5.5% |
8.8 |
100.0% |
2,799 |
|
983 Waterworks Road, The Gap |
QLD |
Chevron |
Metropolitan |
$ 4.1 |
6.3% |
10.6 |
100.0% |
2,294 |
|
5/1 Brygon Creek Drive, Upper Coomera |
QLD |
7-Eleven |
Metropolitan |
$ 7.0 |
5.8% |
7.5 |
100.0% |
3,247 |
|
108 Compton Road, Woodridge |
QLD |
7-Eleven |
Metropolitan |
$ 6.6 |
6.3% |
6.9 |
100.0% |
1,609 |
|
74 Connor Street, Zilzie |
QLD |
Chevron |
Regional |
$ 1.8 |
7.3% |
9.9 |
100.0% |
1,300 |
|
219 Westphalen Drive, Warrego |
QLD |
Ampol |
Highway |
$ 15.6 |
5.5% |
9.6 |
92.6% |
6,317 |
|
3201 Old Cleveland Road, Chandler |
QLD |
Chevron |
Metropolitan |
$ 11.7 |
5.8% |
10.0 |
100.0% |
5,730 |
|
187 South Pine Rd, Brendale |
QLD |
BP |
Metropolitan |
$ 9.2 |
5.5% |
11.0 |
100.0% |
4,121 |
|
4249 and 4288 Bruce Highway, Glass House Mountains |
QLD |
Viva Energy |
Highway |
$ 22.0 |
6.0% |
5.0 |
99.0% |
87,660 |
|
225 Womma Road, Edinburgh |
SA |
Viva Energy |
Metropolitan |
$ 6.4 |
5.5% |
12.4 |
100.0% |
9,371 |
|
702 Main Road, Gepps Cross |
SA |
Mobil |
Metropolitan |
$ 5.7 |
5.8% |
12.3 |
100.0% |
3,850 |
|
591 Grand Junction Road, Gepps Cross Grand Junction |
SA |
OTR |
Metropolitan |
$ 7.5 |
5.5% |
18.6 |
100.0% |
2,557 |
|
303 Glen Osmond Road, Glenunga |
SA |
OTR |
Metropolitan |
$ 6.5 |
5.3% |
18.4 |
100.0% |
1,646 |
|
323 North East Road, Hampstead Gardens |
SA |
Mobil |
Metropolitan |
$ 5.3 |
5.5% |
12.3 |
100.0% |
1,972 |
|
473 North East Road, Hillcrest |
SA |
Mobil |
Metropolitan |
$ 9.2 |
5.3% |
13.7 |
100.0% |
4,113 |
|
1 Mildred Street, Kapunda |
SA |
OTR |
Regional |
$ 5.8 |
6.3% |
18.4 |
100.0% |
1,413 |
|
52 Aldershot Road, Lonsdale |
SA |
Mobil |
Metropolitan |
$ 5.2 |
5.8% |
13.3 |
100.0% |
2,400 |
|
193-195 Jubilee Highway East, Mt Gambier |
SA |
United |
Regional |
$ 6.9 |
6.3% |
13.2 |
100.0% |
7,008 |
|
61-65 Old Princes Highway, Murray Bridge Eastside |
SA |
OTR |
Regional |
$ 4.0 |
6.5% |
18.4 |
100.0% |
3,618 |
|
1 Deviation Road, Naracoorte |
SA |
OTR |
Regional |
$ 8.2 |
6.3% |
18.4 |
100.0% |
9,846 |
|
690-694 Lower North East Road, Paradise |
SA |
Mobil |
Metropolitan |
$ 6.7 |
5.5% |
13.4 |
100.0% |
2,835 |
|
226-228 Bridge Road, Pooraka |
SA |
Viva Energy |
Metropolitan |
$ 6.3 |
5.5% |
12.0 |
100.0% |
1,977 |
|
337 St Vincent Street East, Port Adelaide |
SA |
Viva Energy |
Metropolitan |
$ 6.2 |
5.5% |
11.9 |
100.0% |
3,851 |
|
11-19 Clare Street, Port Adelaide, Grand Junction |
SA |
Viva Energy |
Metropolitan |
$ 6.4 |
5.5% |
12.7 |
100.0% |
2,891 |
|
14 Commercial Road, Shiedow Park |
SA |
Mobil |
Metropolitan |
$ 7.9 |
5.5% |
11.4 |
100.0% |
2,196 |
|
457-459 Victoria Road, Taperoo |
SA |
Viva Energy |
Metropolitan |
$ 6.1 |
5.5% |
12.6 |
100.0% |
2,077 |
|
89 Military Road, West Beach |
SA |
OTR |
Metropolitan |
$ 5.0 |
5.3% |
18.4 |
100.0% |
1,936 |
|
591 Dorset Road, Bayswater North |
VIC |
EG Australia |
Metropolitan |
$ 6.4 |
4.8% |
8.9 |
100.0% |
4,286 |
|
Cnr Thompson Road & Victoria Street, Geelong North |
VIC |
EG Australia |
Metropolitan |
$ 5.5 |
5.0% |
8.8 |
100.0% |
3,441 |
|
1182 Chapman Road, 440 Roadhouse |
WA |
Chevron |
Regional |
$ 5.5 |
8.0% |
11.6 |
100.0% |
11,372 |
|
229 Balcatta Road, Balcatta |
WA |
Chevron |
Metropolitan |
$ 7.2 |
6.3% |
9.6 |
100.0% |
2,500 |
|
49 Great Eastern Highway, Bellevue |
WA |
Viva Energy |
Metropolitan |
$ 6.4 |
6.8% |
10.7 |
100.0% |
2,064 |
|
Cnr Amherst & Nicholsons Road, Canningvale |
WA |
EG Australia |
Metropolitan |
$ 7.7 |
5.8% |
9.2 |
100.0% |
2,912 |
|
2341 Albany Highway, Gosnells |
WA |
Viva Energy |
Metropolitan |
$ 4.9 |
6.3% |
12.3 |
100.0% |
1,757 |
|
1 Wishart Street, Gwelup |
WA |
Chevron |
Metropolitan |
$ 4.6 |
6.3% |
10.6 |
100.0% |
1,089 |
|
224 Clontarf Road, Hamilton Hill |
WA |
Chevron |
Metropolitan |
$ 5.8 |
6.3% |
11.6 |
100.0% |
1,998 |
|
342 Albany Highway, Orana |
WA |
Viva Energy |
Regional |
$ 6.6 |
6.8% |
10.6 |
100.0% |
3,220 |
|
752 North Lake Road, South Lake |
WA |
EG Australia |
Metropolitan |
$ 8.1 |
6.0% |
9.1 |
100.0% |
4,287 |
|
485 Balfour Street, Southern River |
WA |
7-Eleven |
Metropolitan |
$ 5.9 |
6.3% |
9.7 |
100.0% |
1,993 |
|
1 Kakadu Road, Yanchep |
WA |
Chevron |
Metropolitan |
$ 7.0 |
6.5% |
12.8 |
100.0% |
3,068 |