7 Year Lease to Red Rooster | Outstanding Main Road Position Directly Opposite Major Shopping Centre
10 Grandview Drive , Mount Pleasant QLD
Burgess Rawson is pleased to offer to the market the Red Rooster located at 10 Grandview Drive, Mount Pleasant QLD for sale via our Investment Portfolio Auction 164.
This opportunity has the following key investment highlights:
+ Renewed seven (7) year lease to Red Rooster to November 2030 plus options through to 2040.
+ Red Rooster: part of the Craveable Brands international network with 569 restaurants across Australia and growing.
+ Investor preferred net lease structure, with the tenant paying all outgoings as per the lease
+ Desirable annual 4% rent increases and rare 6 month security deposit ($80,760.90).
+ Recent capital-intensive tenant funded fit out, bringing in line with new Red Rooster national branding.
+ Long history of on-site tenure with Red Rooster trading on-site for over 20+ years.
+ High exposure 1,900sqm* corner freehold site with drive-thru and 75 metres* of dual frontage.
+ Fast Food Investments: proven ‘set and forget’ asset class, with an astonishing 15.9 million Australians recorded eating takeaway food during a four-week period.
+ Strategic highly desirable position directly opposite Mount Pleasant Shopping Centre featuring 70 plus stores, Priceline Pharmacy, Petbarn, and Amart.
+ Mackay: fast growing commercial centre underpinned by agriculture, mining and tourism. Current population 120,000*
+ Net Income: $172,000 pa* + GST.
To be sold via Investment Portfolio Auction 164
10:30am AEST Thursday 26 October 2023
The Hilton Hotel