CBRE in conjunction with Burgess Rawson is pleased to offer to the market Red Rooster Centennial Park (Albany), located at 3/87 Lockyer Avenue, Albany WA, for sale via Private Treaty.

This opportunity has the following key investment highlights:

+ Renewed 10 year net lease to 2032 plus 2 further 5 year options extending to 2042
+ Red Rooster: iconic Australian fast food brand with 325+ locations nationally
+ Landlord friendly net lease terms with the tenant responsible for paying all usual outgoings including council rates, strata levies, water rates and land tax, as per the lease
+ Attractive and compounding 3.5% fixed annual rent increases ensuring strong rental growth
+ Rare and attractive turnover provisions offering future potential rental upside
+ Longstanding occupancy with tenant in place for 30+ years
+ High performing Red Rooster restaurant fully refurbished in 2025 with integral drive-thru capabilities
+ Superb fast food position situated on a corner landholding benefitting from dual street access and frontage
+ Strategically located in Albany’s core commercial precinct in close proximity to national brands McDonald’s & BP and Woolworth’s anchored Dog Rock Boulevard Shopping Mall as well as Coles, Kmart, Best & Less and Aldi anchored Albany Plaza
+ Albany: booming economic centre of the Great Southern Region of WA, with a population of 41,000+ and GRP of $2.76b
+ Net Income: $142,897 pa* + GST

To be sold via Private Treaty

Please contact the exclusively appointed sales team for more information.

*Approx