Fast Food Drive-Thru Investment | 15 Year Lease Plus Options to 2044

106 George Street, Rockhampton City QLD

Property Highlights

15 year lease to 2034 + options to 2044
Fixed 3% rent increases
Bruce Hwy frontage 22k cars pass daily
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Description

+ As new Carl’s Jr outlet: Established 1956 has 3,800 stores in 42 countries, with 25 stores in Australia and growing
+ 1,691 sqm prime corner position opposite KFC, Red Rooster & Subway
+ Latest store format with full drive-thru facility completed NEW December 2019 with excellent depreciation
+ Bruce Highway frontage with estimated 22,000 vehicles passing daily
+ Fixed 3% annual rent increases
+ Rockhampton City: Beef capital of Australia with 87,488 population forecast to increase to 112,701 in 2036
+ Net Income $163,796 pa + GST

For Sale by Investment Portfolio Auction
Wednesday 23 June 2021
Crown Casino, Melbourne
Bidding available via phone, online, and in person at Crown Casino Melbourne or at the Hilton Brisbane

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
1,691 SQM
Building Area
220 SQM

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