Brand New Fast Food Drive Thru | 10 Year Net Lease + Options

200 Kingston Road, Slacks Creek QLD

Property Highlights

New 10 year lease + options to 2044
Tenant pays 100% of outgoings
Significant depreciation benefits

Description

Burgess Rawson & Commercial East Coast Investments are pleased to offer to the market 200 Kingston Road, Slacks Creek for sale via our Investment Auction Portfolio 169.

This opportunity has the following key investment highlights:

+ New 10 year net lease to 2034 plus two (2) further five (5) year options to 2044
+ Slim’s Quality Burger: from the founders of Betty’s Burgers, established in multiple locations throughout Sydney with two new outlets in Brisbane and expanding
+ Fast food restaurant with drive-thru completed and opened in May 2024
+ Significant depreciation benefits: estimate of $90,500* in the first year
+ Tenant pays all outgoings including land tax and management fees
+ Prime 74m* frontage to Kingston Road with 35,000+ vehicles passing daily*
+ Dedicated on-site parking including 7 ‘QR Code’ ordering bays
+ Located within Slacks Creek industrial precinct, alongside national retailer United Petroleum, in a new landmark retail and commercial development
+ Logan City Council: second fastest growing LGA in South-East Queensland, with the population forecast to increase 47% by 2041 to over 500,000 residents and $1.2 billion committed in future capital works projects
+ Net Income: $170,000 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 27 June 2024
The Hilton, Brisbane

Bidder registration required, register at portfolioauctions.com.au

Please contact the exclusively appointed Burgess Rawson & Commercial East Coast Investments team for more information

*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
6,870 SQM
Building Area
164 SQM

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