Costi Cohen has purchased the freehold IGA in Hawks Nest for $2,900,000. It is the only supermarket within a 5km radius, benefiting from strong barriers to entry and a captive retail catchment.

The investment is underpinned by a secure income profile, delivering a 6.33 year WALE. 100% of outgoings are recoverable by the landlord including land tax and management fees, supporting a fully net lease structure. Income growth is uncapped via annual reviews to the greater of 3% or turnover rent, with percentage rent currently payable.

Coastal retail assets at this price point and income security remain tightly held and rarely transacting.