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Brand New Freehold Fast Food Investment Adjoining McDonald’s | 15 Year Head Office Net Lease

148E Station Road , Burpengary QLD

Property Highlights

Banjo’s: 40+ locations nationally
Fixed 3% rent increases
Significant depreciation benefits
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Description

Burgess Rawson is pleased to offer to market the Banjo’s Bakery Cafe located at 148E Station Road, Burpengary QLD for sale via our Auction Investment Portfolio 162.

The property has the following investment highlights:
+ Brand new fifteen (15) year head office net lease to Banjo’s Bakery Café to 2038 plus two (2) further ten (10) year options to 2058
+ Banjo’s Bakery Café: highly successful drive-thru bakery café operator established in 1984, with over 44 sites nationally
+ Prime 2,612sqm* freehold site directly adjoining McDonald’s and 7-Eleven and located along major retail corridor directly off the Bruce Highway
+ Fixed 3% rent increases, compounding annually, ensuring income growth
+ Investor preferred net lease structure with the tenant paying all outgoings including land tax
+ Single lane drive-thru, modern configuration with on-site parking for 22 cars
+ Constructed in 2023, providing outstanding tax depreciation benefits
+ Favourable turnover rent clauses in place offering potential future income growth
+ Surround by complimentary tenants, including McDonald’s, Supercheap Auto, 7-Eleven, IMO Car Wash, Hungry Jack’s and Auto Masters
+ Located within close proximity to Burpengary Plaza anchored by Kmart & Woolworths and Burpengary Central anchored by Coles & ALDI
+ Moreton Bay: one of Australia’s fastest growing urban regions, with its population forecast to grow by over 50% to more than 690,000 by 2041
+ Net Income: $250,000 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 3 August 2023
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Commercial
Land Size
2,612 SQM
Building Area
255 SQM

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