Dominant Freestanding McDonald’s Investment | Super Trader with Long History of Significant Turnover

Description

CBRE is pleased to offer to market the McDonald’s located at 7 Galena Street, Broken Hill NSW for sale via our Investment Auction Portfolio 158.

The property has the following investment highlights:

+ Long term 20 year net lease to 2028 plus option to 2038
+ CPI annual rent reviews plus turnover rent currently growing at 6.6% pa^
+ Highly sought after rare ground lease structure – tenant responsible for all capital and structural repairs and maintenance^^
+ Tenant pays 100% of outgoings including structural work
+ High profile 2,807sqm* ‘pad site’ directly adjoining Woolworths anchored Westside Plaza
+ McDonald’s: global fast food chain with 38,000+ restaurants in over 100 countries
+ Long history of significant annual growth in turnover and turnover rent
+ The only McDonald’s restaurant in the city of Broken Hill, featuring a modern dual lane drive-thru & ample onsite parking
+ Net Income: $224,065 pa* + GST (as at 7 March 2023)

For Sale by Investment Portfolio Auction
10:30am (AEDT) Tuesday 21 February 2023
Sydney Opera House

Please contact the exclusively appointed CBRE team for more information.

*approx.
^approximate compound average growth rate (CAGR) over the past 5 years
^^excluding property management fees

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Contact agents
Yosh Mendis Senior Director
0434 413 188
Andrew Havig Partner
0478 010 990
Darren Beehag Senior Director
0411 226 223
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Broken Hill, NSW

7 Galena Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 158

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