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Hawks Nest, NSW

Hawks Nest, NSW
$2,900,000 purchase price
Retail Supermarket asset class
Off Market method of purchase

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.

Nearby amenities

Within 5km
  • IGA Hawks Nest
  • Providence Bay Park
  • Hawks Nest Golf Club Bistro
  • Coles
Within 10km
  • Salamander Bay Shopping Centre
  • Tomaree Community Hospital