Properties leased to the popular stores are a goldmine for investors, who are attracted to Bunnings' 'resilience' and trustworthiness as a business.
The sale of a popular Bunnings Warehouse site has set the internet alight after it was quietly snapped up for a cool $40.6million.
'If a private investor is weighing up spending $30million or $40million on a supermarket, a shopping centre or a freestanding Bunnings, I think investors lean towards Bunnings,' real estate agency Burgess Rawson's, Billy Holderhead, told Morning Star previously.
'It's a rare sale, there's not many investors that would be able to afford something like this you need a lot of cash, but if you've got the funds to have a great tenant like Bunnings it's a great opportunity.'.
'The strategic location, coupled with a high-quality tenant like Bunnings, provides a stable income stream and aligns perfectly with our client's focus on assets that offer both security and future value,' he said.
