7-Eleven in Epping Sold for $13.1 Million – Jones Real Estate and Stonebridge Property Group

Jones Real Estate and Stonebridge Property Group have successfully brokered the sale of the 7-Eleven service centre located at 181 O’Herns Road, Epping, Victoria. The property sold for $13.1 million to local investors, achieving a sharp yield of 5.63%.

Strategically positioned at the prominent intersection of O’Herns Road and Edgars Road, the 7-Eleven service centre sits within Melbourne’s northern growth corridor. The asset is supported by long-term net leases to renowned global tenants including Starbucks, and Oporto.

In addition, Lot 2 at 181 O’Herns Road was sold for $2.5 million to an interstate buyer from Adelaide, achieving a strong land rate of $1,283/sqm. The purchaser intends to develop and operate a major car and truck wash facility on the site.

Jones Real Estate’s Tim Spargo and Paul Jones, and Stonebridge Property Group’s Rorey James and Kevin Tong led the sales campaigns.

The hotly contested expression of interest campaign for the 7-Eleven service centre, which closed on April 10th, 2025, attracted seven official offers. Underbidders included a mix of local and offshore-based buyers.

“Interestingly, two of our underbidders were locally-based offshore investors pursuing their first service station investment,” said Tim Spargo, Director at Jones Real Estate.

“Both had previously purchased commercial assets but saw the blue-chip service station, coupled with strong fast-food tenants, as a compelling reason to confidently bid for the property,” he continued.

Rorey James, Partner at Stonebridge Property Group, added “blue chip assets like this are seldom offered to the public market at present. So, it is no surprise that this campaign generated the depth and breadth of interest it did. High-quality, securely leased assets like this continue to stand out and attract competitive bidding from local, interstate and offshore buyers,” he concluded.

Located in the City of Whittlesea, one of Australia’s fastest-growing municipalities with a projected population increase of 56.7% by 2041, these investments benefit from strong demographic fundamentals and long-term visibility.

The land was originally purchased from MAB’s Alliance Business Park in a transaction managed by Jones Real Estate.