Colliers Jordan Schmidt, Alistair Mackie and Rhys Newman announce the unconditional exchange of two high-performing service station assets in metropolitan Adelaide, marking another successful transaction in South Australia’s thriving fuel investment market.
The Wingfield and Wynn Vale properties were successfully sold as part of a portfolio anchored by a long-term lease to United Petroleum, one of Australia’s leading independent fuel retailers. Offered with flexibility to purchase individually or in one line, the assets achieved a blended yield of 5.78%, underscoring the strong investor demand for high-quality service station investments backed by robust covenants.
Jordan Schmidt, Colliers Head of Capital Markets & Investment Services SA, said, “This transaction reinforces the strength of the market, particularly for well located assets backed by national tenants with long WALEs. United Petroleum’s extensive network and operational scale make it a highly attractive covenant, and this sale is a testament to that.”
Rhys Newman, Colliers Associate Director | Investment Services, added, “The sharp yields achieved are indicative of the sector’s momentum. We’re seeing increased competition for assets like these, especially when secured by strong covenants, such as United Petrol, and positioned in growth corridors.”
“These results speak volumes about investor confidence in South Australia’s commercial property market,” said Mr Newman. “With zero stamp duty and strong economic fundamentals, the state continues to attract national interest.”
The properties benefit from long-term leases to 2035, fixed annual rent reviews, and strategic locations with high traffic exposure. United Petroleum, which operates over 450 sites nationally, brings a robust covenant backed by decades of industry experience and a commitment to sustainability.
