New 15 year lease to 2031 + options to 2041.
Red Rooster, established brand over 43 years strong boasting 360 stores nationwide.
Griffith, established and growing inland city generating $1.35 billion GRP with a population catchment of 52,000.
High exposure main road position at eastern gateway into Griffith.
Modern fast food restaurant with drive through.
Large land area: 2,510 sqm.
Valuable depreciation allowances.
Surrounded by supporting national retailers.
Annual 2.5% rent increases (net income $127,167 in 2031).
Tenant pays all outgoings (as per lease).
Net Income: $90,000 pa + GST.
|Gross Building Area