The Logan Reserve Shopping Village in Queensland is now for sale amid increasing investor demand for neighbourhood retail assets.
The 5,917sqm shopping centre, located 27km south of Brisbane at 450-458 Chambers Flat Road Logan Reserve, is anchored by a 4,051sqm Woolworths Supermarket with a click-and-collect facility and BWS.
CBRE’s Michael Hedger and Joe Tynan are exclusively managing the sale.
“Since Logan Reserve Shopping Village opened in June 2024, the centre has been extremely well received by the community which is evident in the performance of the Woolworths Supermarket and specialties,” said Hedger.
“The centre is positioned to service a catchment that is forecast to experience rapid expansion, including a 3.8 percent p.a. Main trade area population increase and a 6.8 percent p.a. retail expenditure expansion, both well above Queensland average growth rates.”
The asset is supported by robust long-term income security with a 7.7-year WALE (by income) and a resilient and diversified income profile. Fifty six per cent of specialty stores are leased to national brands like Domino’s and Cignall.
On a separate title, the site also includes a 1,243sqm allied health precinct, which is home to medical and dental services, a Direct Chemist Outlet, and an Anytime Fitness.
“With limited new neighbourhood shopping centres in development, as a result of increased construction costs, we expect the centre to generate significant interest from both domestic and international investors, due to the major depreciation benefits along with the significant population growth of the region,” said Tynan.
The expressions of interest campaign is set to close on June 26, 2025.