Dual Income Freestanding Fast Food Investment | ASX & NZX Listed Fast Food Giant

61 Princes Highway , Albion Park Rail NSW

Property Highlights

Renowned International Fast Food Brands
Attractive annual rent increases
Net income: $239,635 pa* + GST
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Description

Burgess Rawson is pleased to offer to the market Taco Bell & Subway, 61 Princes Highway, Albion Park Rail NSW for sale via our Investment Portfolio Auction 167.

This outstanding investment has the following key highlights:

+ 10 year lease to Restaurant Brands New Zealand trading as Taco Bell to 2030 plus options to 2045.
+ Restaurant Brands New Zealand: ASX and NZX listed, operating 493 stores internationally and a current market cap of 438M (NZD)
+ Purpose built drive-thru Taco Bell with adjoining Subway
+10 year lease to Subway to 2028 plus options to 2038.
+Subway: International fast food leader with approximately 37,000 stores worldwide in more than 100 countries
+ Attractive 3% fixed annual rent increases and CPI +1% reviews ensuring rental growth.
+Substantial 2,507sqm site with direct exposure and access to busy Princes Highway.
+As new improvements offering significant depreciation benefits.
+First Class location in Albion Park Rail surrounded by leading national tenants: 7-Eleven, Oporto, BP and Zone Bowling all within 100 metres*
+Future development plans surrounding the property leading to further growth within the Albion Park Rail core commercial precinct.
+Albion Park Rail, part of the Shellharbour LGA with a population of 74,000+ people and growing.
+Net Income: $239,635 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEDT Tuesday 26 March 2024
Yallamundi Rooms, Sydney Opera House

Bidder registration required, register here: www.portfolioauctions.com.au

Please contact the exclusively appointed sales team for more information.

*Approx

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
2,507 SQM
Building Area
445 SQM

Price

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