Rare Metro-Melbourne Hungry Jack’s Freehold Investment
1342-1350 Western Highway, Caroline Springs VIC
Renewed, net Lease to 2023 plus options.
Heavily invested tenant on landlord-friendly ground lease structure.
Strategic 3,669 sqm gateway site with 42 on-site car spaces.
Modern drive-thru restaurant developed by Hungry Jack’s at its cost in 2003.
Tenant responsible for rates, insurance, repairs, replacement of plant/equipment and structural works.
Hungry Jack’s Pty Ltd: Blue-Chip tenant, wholly owned subsidiary of Competitive Foods, Australia’s largest independent fast food retailer with 2018 revenue $1.4 billion (IBISWorld) and over 400 restaurants across Australia.
Extremely rare metropolitan-Melbourne offering (most recent drive-thru fast food on-market freehold sale in suburban Melbourne was in December 2016).
Caroline Springs: 21km to Melbourne CBD, major activity centre in the City of Melton, projected 195% population growth by 2051 (forecast.id).
Net Rent: $120,101 pa (projected 23 May 2019).
Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne