Renewed 10 Year Lease to Collins Foods (ASX:CKF) | Expansive 2,932sqm* Corner Freehold

Description

CBRE from CBRE in conjunction with CBRE WA and CBRE WA are pleased to offer to the market KFC, Corner High Road & Willeri Drive, Riverton (Perth) WA for sale.

This investment has the following key highlights:

+ Renewed Ten (10) year lease to April 2035 plus options to 2045.
+ Long successful KFC restaurant with Collins Foods trading on-site since 1986.
+ Collins Foods: ASX-listed fast-food giant with 289 KFC stores in Australia and market cap of $1.24 billion. (1)
+ High profile 2,932sqm* freehold site with seamless integration to the Riverton Forum Shopping Centre
+ Commanding corner position with 110 metres* frontage and exposure to busy High Road and Willeri Drive, 13+ million vehicles passing annually.(2)
+ Investor preferred net lease terms with Collins Foods paying all outgoings including single holding land tax.
+ Fixed 4% annual rent increases assuring income growth.
+ Trophy KFC restaurant with drive-thru and recent 2025 store refurbishment store.
+ Situated in thriving Riverton/Parkwood retail precinct amongst national retailers Coles, Woolworths, McDonald’s, Chicken Treat and Pizza Hut.
+ Riverton: Located 10km* south of the Perth CBD, booming median house price up 18%+ to $1,230,000 over the last 12 months. (3)
+ City of Cannington: One of the highest performing local economies in Western Australia with an estimated at $12.97 billion, representing 2.92% of the state’s Gross State Product. (4)
+ Net Income: $224,425pa* + GST

Currently under offer.

*Approx
1. Collins Foods
2. GapMaps
3. Reaestate.com.au
4. .id

Enquire

Contact agents
Matthew Wright Senior Director
0458 290 588
Raoul Holderhead Senior Director
+61 413 860 304
Brodie Keay Head of Agency
0403 552 809
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Riverton, WA

Corner High Road & Willeri Drive

For Sale by Expression of Interest

This property is part of Portfolio 180

Price: Contact Agent

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