Telstra Super and Charter Hall's listed retail real estate investment trust are selling the Thornleigh Marketplace on Sydney's upper North Shore, with price expectations of more than $40 million.

They bought the site in 2010 from Woolworths as part of the supermarket group's $100 million property sale and leaseback program.

The 8632 square metre centre is anchored by Woolworths and a Dan Murphy's bottle shop, which together account for 73 per cent of the revenue.

Lachlan MacGillivray, James Wilson and Alex James-Elliott of Colliers International Retail Investment Services are marketing the asset. They said food-anchored, neighbourhood shopping centres are in high demand as they are more resilient to online shopping.

Mr MacGillivray said investors globally are increasingly seeking high quality retail assets, with long, resilient income streams.