The Bernardi family are selling their trophy freestanding supermarket in Central West NSW, offering a 57-year operational history and exceptional lease security – a new 10-year net lease extending to 2065.
Joseph Bernardi, CEO at Bernardi Group, says the sale of Bernardi’s Marketplace Forbes marks a pivotal step forward in the business’s plans to expand its store network and reinvest in its supermarkets and communities.
“Forbes remains the heart of our operation, and we are dedicated to serving NSW’s Central West region for generations to come,” he said.
JLL has been exclusively appointed to manage the sale on behalf of the Bernardi’s Family through an Expressions of Interest (EOI) campaign.
The site
Bernardi’s Marketplace Forbes features a 5,248 sqm purpose-built supermarket with state-of-the-art facilities and distribution capabilities, serving as a key hub within Bernardi’s four-store network across Central West NSW.
The dominant retail offering is complemented by a pharmacy tenant and provides Forbes’ only undercover car parking facility across a substantial 8,461 sqm freehold landholding.
Anchored by a brand new 10-year net lease to Bernardi’s Marketplace with 3.0% fixed annual rental reviews, the centre delivers an attractive weighted average lease expiry (WALE) of 9.74 years and generates a highly defensive net income of $539,282 per annum.
Rare opportunity
David Mahood, Senior Executive at JLL Retail Investments – NSW, says Bernardi’s Marketplace Forbes presents the first on-market opportunity to acquire a freestanding supermarket in NSW this year.
“Leased to the established Bernardi’s family business, this high-performing supermarket is secured by a brand new 10-year net lease with options to 2065,” he said.
“With more than 55 years of service to the Forbes and Central West region, Bernardi’s undoubtedly provides investors with a lease covenant that rivals ASX-listed retailers such as Woolworths, Coles and Metcash.”
Forbes benefits from its strategic positioning as the commercial hub of the Lachlan Valley, generating over $2.8 billion in agricultural output annually. The town’s population of 10,023 is set to grow significantly, driven by the $14.4 billion Inland Rail project, which will generate over $1 billion in complementary private investment. This ensures Forbes will benefit from substantial flow-on economic effects including increased employment opportunities, business investment and population growth.
“Sub $10 million supermarkets are rarely offered in the market, and the sale of Bernardi’s Marketplace will attract strong private investor interest, providing an ideal entry point for investors seeking to enter the shopping centre market,” said Sebastian Fahey, Senior Executive at JLL Retail Investments – NSW.
Bernardi’s Marketplace Forbes is available for sale via an Expressions of Interest campaign closing 20 November 2025, at 3pm (AEDT).
