Brand New Fast Food Drive Thru | 10 Year Net Lease + Options

Description

Burgess Rawson & Commercial East Coast Investments are pleased to offer to the market 200 Kingston Road, Slacks Creek for sale via Expressions of Interest Campaign.

This opportunity has the following key investment highlights:

+ New 10 year net lease to 2034 plus two (2) further five (5) year options to 2044
+ Slim’s Quality Burger: from the founders of Betty’s Burgers, established in multiple locations throughout Sydney with two new outlets in Brisbane and expanding
+ Fast food restaurant with drive-thru completed and opened in May 2024
+ Significant depreciation benefits: estimate of $90,500* in the first year
+ Tenant pays all outgoings including land tax and management fees
+ Prime 74m* frontage to Kingston Road with 35,000+ vehicles passing daily*
+ Dedicated on-site parking including 7 ‘QR Code’ ordering bays
+ Located within Slacks Creek industrial precinct, alongside national retailer United Petroleum, in a new landmark retail and commercial development
+ Logan City Council: second fastest growing LGA in South-East Queensland, with the population forecast to increase 47% by 2041 to over 500,000 residents and $1.2 billion committed in future capital works projects
+ Net Income: $170,000 pa* + GST

For Sale via Expressions of Interest Campaign closing Thursday 11 July 2024 at 4pm.

Please contact the exclusively appointed Burgess Rawson & Commercial East Coast Investments team for more information

*Approx.

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Contact agents
Neville Smith Partner
0400 068 205
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Slacks Creek, QLD

200 Kingston Road

For Sale by Expression of Interest

This property is part of Portfolio 169

Price: Contact Agent

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