The trust includes two BP Service Stations on the Princess Freeway at Little River and Avalon – the third busiest freeway in Victoria.
Both properties include long term lease agreements to Oporto and Hungry Jacks with an original combined weighted average lease expiry (WALE) for both properties of 14.27 years.
Both properties currently experience annual daily traffic of greater than 60,000 vehicles, with an average site visit of 5,600 vehicles. This is an increase of 250% in daily traffic in 5 years since acquiring the properties.
Trust investors have received an average monthly income distribution of 7.25% and capital return of 14.1%, based on recent independent valuation.
Performance History – 31 January 2020