$18.4M Sale Sets Record for Sydney Service Station

A suburban Sydney service station featuring both McDonald’s and 7-Eleven has sold for $18.4 million, setting a new record for this type of commercial property in 2025.

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Pick & Scroll News
June 24, 2025

A suburban Sydney service station featuring both McDonald’s and 7-Eleven has sold for $18.4 million, setting a new record for this type of commercial property in 2025. The sale is aimed at securing long-term value through well-known tenants and could point to increased competition and tighter yields in convenience-focused property investments.


Located in Greystanes on Sydney’s Great Western Highway, the property drew strong interest during a high-profile auction conducted by commercial agency Burgess Rawson. Built in 2019, the property includes both a 7-Eleven and a McDonald’s on long-term leases of 15 and 20 years respectively, making it particularly attractive to private investors. Initially purchased as vacant land for $4.5 million in 2018, the site has since become a high-performing retail asset.


The auction began with a $14.8 million opening bid and drew an extraordinary 293 offers over the span of an hour, eventually reaching $18.4 million. This price reflects a yield of 3.97%, the tightest return recorded this year for a convenience retail or fast food property valued over $5 million. Analysts believe the strength of the tenant mix played a crucial role, as both brands are viewed as reliable and in demand.


The sale highlights the continued demand for low-risk commercial assets in a market where rising construction costs and a lack of premium development sites are making high-quality, tenanted properties increasingly scarce. It also underscores the ongoing relevance of auctions as a method for investors to access diverse portfolios. On the same day, a total of $35.76 million in properties was sold with a 75% clearance rate and an average yield of 4.92%.


The broader sector is also showing signs of growth. In addition to retail, early education properties remain popular, with two regional NSW preschools selling for a combined $5.26 million at yields slightly above or below 5%. Meanwhile, global real estate firm CBRE recently acquired Burgess Rawson's operations across the eastern seaboard, which signals rising international interest in Australian lease-backed assets.