Investing in neighbourhood retail centres can pay off big time as they tend to show resilience and adaptability to market shifts. Facilities such as grocery stores, pharmacies, eateries, childcare centres, news agencies, and gymnasiums provide convenience for everyday consumers and prevents them from having to make a trip into a large shopping centre for day-to-day necessities.
As neighbourhood centres are located in medium to high density residential areas, cater to the everyday needs of the local community, and have a diverse range of tenants, there is generally a steady flow of consumers throughout the day which can result in a consistent stream of income for investors. Tenants of neighbourhood retail centres tend to have long leases, typically ranging from 3 - 10 years, providing security and strong ROI.
The property market is heating up and demand for childcare and other consumer convenience facilities is building. With the upcoming 2032 Brisbane Olympics, now is the perfect time to invest in neighbourhood shopping centres to capitalise on the increase in tourism and families.
At Cocco, we currently have a property for sale which matches this criteria! The 7,082sqm block of land has an approved development application for a childcare centre, gym, and fast food facility with a drive-thru. Find out more by following the link below: