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“One of QLD’s Leading KFC Stores” – Renewed Lease to Fast Food Retail Giant

154 Morayfield Road (corner Michael Avenue), Morayfield QLD

Property Highlights

Renewed 5yr lease plus option to 2029
Massive annual turnover
Collins Foods Ltd: 241 KFC stores

Description

+ Renewed Five (5) year lease to December 2024 plus option to December 2029
+ Collins Restaurants Queensland Pty Ltd: wholly owned subsidiary of ASX listed Collins Foods Ltd, Market Cap of $1.15 billion (August 2020)
+ Long proven performing KFC store established 30+ years
+ Massive year on year sales growth – trading well above turnover threshold
+ Annual rent reviews plus generous 5% of turnover above threshold
+ Tenant pays all usual outgoings as per lease
+ Modern 300 sqm building including thriving drive thru
+ Irreplaceable 1,828 sqm Local Centre – ‘Precinct’ zone corner site
+ 14 car parks on title, plus seamless integration to adjoining shopping centre
+ Prime corner on major retail strip with 33,000+ vehicles passing daily and 35,964 residents within 3km
+ Blue chip location opposite Morayfield Shopping Centre (159 retailers/6.2M visitors pa), First Choice Liquor and close to Bunnings, McDonald’s, Supercheap Auto, Hungry Jack’s etc
+ Morayfield – Established residential suburb 40km from Brisbane CBD, part of Moreton Bay Region which is forecast to have a 50% population growth to 690,000 by 2041.
+ Net Income: $269,608 pa + GST

For Sale by Investment Portfolio Auction
11:00am (AEST) Wednesday 23 September

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
1,828 SQM
Building Area
300 SQM

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