A 7-Eleven service station with a McDonald’s outlet in western Sydney was sold under the hammer for $18.4 million – the highest price paid so far this year for such an asset – after nearly 300 bids at a commercial real estate auction in Sydney on Tuesday.

Not only did the sale set the highest price for a convenience retail and fast food asset so far in 2025, it also achieved the strongest investment yield for a $5 million-plus asset in that category this year.