The Banner Service Station & Convenience Store Property Fund (Banner SS&CS Fund) completes new 24/7 service station and convenience retail store in Mundingburra
We are pleased to announce our $200m+ Service Station & Convenience Store Property Fund (Banner SS&CS Fund) has completed a new 24/7 service station and convenience retail store in Mundingburra, just 5km south of the Townsville CBD. This project obtained approval in November 2021 and has an agreement for lease in place with 7-Eleven for a 12-year term, plus further options.
The development will provide a variety of products and services to the local community and with 24-hour operation, the store will offer convenience and accessibility to its customers.
We are proud to have brought this project to fruition and believe it will be a valuable addition to the Mundingburra community. We look forward to seeing this development have a positive impact on the area.
The Banner SS&CS Fund commits to projects after the securing of long-term leases to national fuel companies and convenience store operators. These lease commitments provide stable long-term income streams and enhance the stability of the capital value. To find out more on the Banner SS&CS Fund click Banner Service Station and Convenience Store Fund | Banner Asset Management or email email@example.com
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