Brand New Carl’s Jr Drive Thru | 12 Year Lease to 2034 | High Exposure Site

Burgess Rawson, in conjunction with Gorman Allard Shelton and Gross Waddell ICR, is pleased to offer to the market, Carl’s Jnr Beaconsfield, for sale via our Investment Portfolio Auction 156.

The property has the following investment highlights:

+New 12 year net lease to 2034 plus options to 2054 to Global fast food chain, Carls Jr.
+Carls Jr: Leading Global fast food operator established in 1956 with 3,800 stores worldwide and 45 stores in Australia with aggressive growth strategy in place.
+Strong and certain rental growth with fixed annual, compounding 3% increases.
+Landlord-favourable, net lease terms with tenant responsible for their proportion of outgoings as per the lease.
+Strategic home bound Princes Highway position, metres from Monash Freeway exit with exposure to over 58,000 vehicles passing daily****
+A brand new 2022 purpose built 369sqm* dual lane drive thru store due to open Q1 2023.
+Generous 1,575sqm* site with 37 on site car spaces.
+Significant depreciation benefits, $275,000 year 1 rent potentially deductible (110% of rent)***
+Located within the Beaconsfield Service Centre anchored by fellow national tenants BP, KFC and Taco Bell as well as six (6) retail shops
+Position perfect adjoining a proposed 108 townhouse development and future planned Woolworths anchored shopping centre within 100 metres*.
+Beaconsfield: located 44km* from the Melbourne CBD and strategically positioned at the entrance to Officer, a high growth suburb with the population forecasted to grow 244% by 2036.
+Located in the Princes Highway growth corridor with the population forecasted to increase by 67% by 2041**
+An Essential Service Investment
+Estimated Net Income: $250,000 pa* plus GST

To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 26th October 2022
Crown Casino, Melbourne

*Approximately
** ForcastID
***JM Advisory
****Gapmaps