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Entry Level Freestanding Fast Food Drive-Thru

71 Guy Street , Warwick QLD

Property Highlights

Red Rooster: 360+ restaurants
1,363sqm* corner site
Fixed 3% annual rent increases
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Description

Burgess Rawson is pleased to offer to the market Red Rooster located at 71 Guy Street, Warwick QLD for sale via our Investment Portfolio Auction 162.

This opportunity has the following key investment highlights:

+ Four (4) year net lease to Red Rooster plus options to 2031
+ Red Rooster: highly successful red rooster franchisee with 6 stores in southeast Queensland and 35+ years experience under the Red Rooster brand
+ Investor preferred net lease structure, with the tenant paying all outgoings as per the lease excluding land tax
+ Fixed compounding 3% annual rent increases, ensuring strong rental growth with an uncapped market review in February 2025
+ High exposure 1,364sqm* corner freehold site with 72 metres* of combined frontage to Guy and Wood Streets with exposure to 15,000+ vehicles daily*
+ Low rental providing significant potential uplift at 2025 market review
+ Recent capital intensive tenant funded fit-out, bringing in line with new Red Rooster branding
+ Long history of on-site tenure with Red Rooster trading on-site for over 12 years
+ Situated within a major schooling catchment, with 10 schools within a 2.5km* radius, servicing a combined 3,133 students
+ Located 450 metres* from the Rose City Shopping World anchored by Coles, Woolworths, BIG W and 50+ speciality retailers
+ Warwick: thriving agricultural and administrative hub of the Southern Downs region, located 130km* west of the Brisbane CBD
+ Net Income: $93,684 pa* + GST

For Sale by Investment Portfolio Auction
10:30am AEST Thursday 3 August 2023
The Hilton, Brisbane

Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Fast Food
Land Size
1,364 SQM
Building Area
250 SQM

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