Triple Net Lease To Petbarn

Mercer Property is pleased to offer for sale this securely leased freehold retail investment on Oxford Street, Paddington.

The property is leased to Petbarn Pty Ltd on a brand new seven-year triple net lease commencing November 2025, with two further five-year options extending potential tenure through to 2042. All outgoings are recovered in full, including property management fees, providing investors with a genuinely passive income stream underpinned by a strong national covenant.

Situated on Oxford Streets most active retail stretch, the property benefits from its proximity to the Paddington Markets and the concentration of hospitality and lifestyle operators that have established this precinct as one of Sydneys most enduring inner-east destinations. Freehold opportunities in this location transact infrequently.

INVESTMENT HIGHLIGHTS

- $450,000 per annum triple net lease to Petbarn Pty Ltd
- 3% annual rental increases
- 7-year lease commencing 1 November 2025
- Two (2) further 5-year options, extending potential term to 2042
- 100% outgoings recovered, including property management fees
- Corporate lease structure direct to Petbarn Pty Ltd (240+ stores nationally)
- 221 sqm* land holding
- MU1 - Mixed Use zoning
- 577 sqm* building area
- Freehold title in tightly held Oxford Street, Paddington
- Strong pedestrian and vehicular exposure

For further information, or to arrange a time to inspect, please feel free to contact the agents.