Brand New Freestanding Starbucks Investment - 20 Year Net Lease to 2043

Description

Burgess Rawson is pleased to offer to the market Starbucks Warrawong located at Lot 3, 86 King Street, Warrawong (Wollongong) NSW for sale via our Investment Auction Portfolio 170.

This opportunity has the following key investment highlights:

+ Brand new 20 year net lease to 2043 plus options to 2063
+ Starbucks: the world’s largest and most recognisable coffee chain with 32,000+ stores across 80 different countries
+ Fixed 3% annual rent increases ensuring long term compounding income growth
+ Attractive net lease structure – Starbucks pays 100% of outgoings including land tax, property management and R & Ms
+ Brand new construction built in 2023, offering maximum depreciation benefits
+ Immaculate brand-new fast food facility situated on a highly exposed 2,625sqm* landholding with exposure to King Street and Warrawong Plaza
+ Important dual lane drive thru with 16 on-site car parks forming part of The Bayview Centre
+ Bayview Centre: premium fast food, liquor and large format retail centre completed in 2023, opposite the third largest Shopping centre in the Wollongong LGA, Warrawong Plaza
+ Ideally positioned within brand new nationally tenanted Bayview Centre neighbouring McDonald’s, Hungry Jack’s, Oporto, Liqourland/Domino’s, Amart, Beacon Lighting, JB Hi-Fi, Pillow Talk, Supercheap Auto, Road Tech Marine, Trek & AutoBarn.
+ Brilliant exposure with frontage to Warrawong’s main road King Street with a combined 77,000 vehicles passing The Bayview Centre daily
+ Warrawong: highly sought-after location in NSW’s booming South Coast, 8km* to Wollongong & 12km* to Shellharbour
+ Net Income: $288,400 pa* + GST

To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 6 August 2024
Yallamundi Rooms, Sydney Opera House

Also available as part of Burgess Rawson’s August Portfolio Auction.

– McDonald’s Warrawong
– Hungry Jack’s Warrawong
– Oporto Warrawong
– Liqourland (Coles Group) & Domino’s Warrawong

Please contact the exclusively appointed sales team for more information.

*Approx

Enquire

Contact agents
Yosh Mendis Head of Agency | Partner
0434 413 188
Geoff Sinclair Director
0451 462 759
Rhys Parker Partner
0451 101 042
Enquiry Form

Warrawong, NSW

Lot 3, 86 King Street

For Sale by Portfolio Auction
Tuesday 6th August 10:30AM Yallamundi Rooms, Sydney Opera House

This property is part of Portfolio 170

Price: Contact Agent

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