1009-1011 North East Road, Ridgehaven, SA 5097

Fully Leased Pelican Plaza Convenience-Based Retail Centre

- 2,996m²* build, 12,119m²* corner site
- 153* car parks, multiple access points
- Major national retail tenants

LJ Hooker Commercial Adelaide and Colliers are delighted to offer for sale the Pelican Plaza Shopping Centre for the first time in 20 years*.

Situated approximately 15km* northeast of the Adelaide CBD this convenience-based shopping centre proves astute investors an exciting opportunity to acquire a superb retail investment sited on a land-rich corner site.

Property Highlights:
- 100% leased shopping centre with low average rents
- Land rich investment providing 1.21ha* with 5 street frontages
- Strategic retail location, opposite Westfield Tea Tree Plaza Shopping Centre and adjacent Modbury Hospital Bunnings and Park N Ride providing fast commuter access to Adelaide CBD
- Multiple street crossovers ensuring convenient access for shoppers
- Strong tenancy mix including fast food, medical, banking, services and personal grooming
- Passing net income of $943,920pa*
- WALE 3.1 years* by income
- 153* on grade car parks
- Strong cashflow investment with excellent rental growth prospects

*approximately

This exceptional retail investment opportunity is offered For Sale by National Expressions of Interest closing Thursday 12 March 2026 at 3pm (ACDT).

For further information, or to book an inspection, please contact the exclusive agents.