Affordable Red Rooster with Rare Head Office Net Lease

Burgess Rawson are delighted to announce the successful sale of Red Rooster in Hastings by Investment Portfolio Auction 163.
The property was hotly contested on the day by several parties further demonstrating the demand for fast food assets.

This opportunity has the following key investment highlights:

+Seven (7) year ‘Head Office’ lease to Red Rooster to August 2026 plus options through to 2041.
+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 excluding land tax.
+Desirable Annual CPI rent reviews.
+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 1,798sqm* corner freehold site with drive-thru and 83 metres* of combined frontage to Frankston Flinders Road and Glendale Avenue with exposure to 16,200+ vehicles daily.**
+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 fast food position adjoining McDonalds and adjacent to KFC and Shell Express.
+Located 500 metres* from Hastings Station, Kmart, Woolworths, Aldi and Western Port Marina.
+Hastings: commercial capital of Western Port and key linkage to the Mornington Peninsula, 58km from Melbourne CBD.
+Net Income: $110,969.59 pa* + GST.

*Approx
**GapMaps