FRP Brickworks Marketplace 2 Page Summary - July 2023 - Flipbook - Page 1
frpcapital.com.au
Brickworks Marketplace
— Presented by FRP Capital
ASSET
OVERVIEW
The Brickworks Market Place Fund is a
wholesale investment opportunity backed by
the dominant sub-regional shopping centre
located just 2.4km west of Adelaide’s CBD.
Constructed in June 2015, the centre is anchored
by Woolworths, Big W, and Dan Murphy’s; and is
supported by Direct Chemist Outlet, Tony & Mark’s
and 40 specialty stores.
Brickworks Marketplace boasts a high occupancy
rate of 96%, an average lease expiry of 9.17 years
and non-discretionary tenant mix making it an
attractive investment opportunity.
Classification
Sub-Regional
Gross Asset
Value (GAV)
$85,000,000
Site Area
44,400sqm
GLA
17,300sqm
Major
Tenants
Mini Major
Tenants
Occupancy
WALE (By Area)
Specialty Tenants
ANCHOR
TENANTS
Area
Term
Lease Expiry
Woolworths
4,021sqm
20
24 June 2035
Big W
6,402sqm
20
24 June 2035
Dan Murphy’s
1,339sqm
15
24 June 2030
11.35%
Woolworths,
Dan Murphy’s and Big W
Direct Chemist Outlet and
Tony and Mark’s
96%
9.17 Years
40 Specialties
Car Parking
680 Vehicles
Centre MAT
$118M p.a.
Foot Traffic
2.2M p.a.
Minimum
Investment
$50,0000 Wholesale /
Sophisticated Investors
Distribution Frequency
Targeted 7 Year Internal
Rate of Return (IRR)
Monthly
