Blue Ribbon Fast Food Investment – Renewed 10 Year Head Office Lease
274 Mulgrave Road, Westcourt QLD
Property Highlights
10 Year 'Head Lease' + option to 2040
Prominent corner position adjoining DFO
4% Fixed annual rent increases
Description
– Leased to Hungry Jack’s Pty Ltd until March 2030
– Plus 2 x 5 year options to 2040
– Fixed annual 4% rent increases
– Prominent 3,188 sqm corner site adjoining Cairns DFO Centre with 74 tenancies and 1,200+ car spaces
– Successful store with brand new, dual 2 lane drive-thru facility
– 39 on-site car spaces plus waiting bays
– Passing traffic count of approximately 35,000 per day
– 7% turnover rent payable over threshold
– Tenant pays all outgoings as per the lease
– Net Income: $248,432 pa + GST
Auction: 10.30am AEST, Wednesday 24 June 2020
Property Details
Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
3,188 SQM
Building Area
333 SQM