CBRE is proud to offer to the market this freestanding KFC, located 104-106 Princes Highway, Pakenham VIC for sale via our Investment Portfolio Auction 183.

The property has the following key investment highlights:

+ Brand new 10-year net lease to February 2036 plus 4 x 10-year options extending to 2076.
+ KFC: Iconic fast-food brand serving over 2 million customers weekly across 800+ national outlets.
+ Southern Restaurants Group: Australia’s largest privately owned KFC franchisee operating 110 stores across VIC, NSW & ACT with 7,000+ employees.
+ Significant trader – one of the strongest performing KFC stores in the network, trading since 1994 with a recent building extension to meet growing demand.
+ Rare ‘Golden Mile’ KFC adjoining McDonald’s – situated in one of Australia’s most dominant fast food precinct.
+ Prime Princes Highway frontage servicing 161,000+ vehicles weekly.**
+ Freestanding 1,710sqm* drive-thru site with 21 on-title car spaces.
+ Landlord-friendly net lease with tenant responsible for all usual outgoings.
+ Fixed 3% annual rent increases delivering strong and certain rental growth.
+ Pakenham is undergoing a landmark transformation, with a $15 billion rail upgrade and the revitalisation of the 60,000sqm Pakenham Place Shopping Centre just 500 meters away set to drive significant foot traffic directly past the site.
+ Cardinia Shire: A powerhouse $13.57 billion economy generating over 31,000 local jobs – strategically positioned along Victoria’s key Princes Highway corridor, the gateway between Melbourne and Gippsland.^
+ Net Income: $328,505 pa + GST.

For Sale by Investment Portfolio Auction 183
10:30am (AEDT) Wednesday 1 April 2026
Garden Room, Crown Casino, Melbourne

*approx
**Gapmaps
^REMPlan