Brand New Freestanding Hungry Jack's Investment | New 15 Year Net Lease

Description

Burgess Rawson is pleased to offer to the market Hungry Jack’s Warrawong located at Lot 5, 86 King Street, Warrawong (Wollongong) NSW for sale via our Investment Auction Portfolio 170.

This opportunity has the following key investment highlights:

+ Brand new 15 year net lease to 2039 plus options to 2059
+ Hungry Jack’s: national fast food giant operating over 450 stores with 19,000+ employees
+ Fixed 3% annual rent increases ensuring long term compounding income growth
+ Attractive net lease structure – Hungry Jack’s pays 100% of outgoings including land tax, property management and R & Ms
+ Brand new 2023 construction, offering maximum depreciation benefits
+ Immaculate state-of-the-art facility with important dual lane drive thru
+ 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, Starbucks, Oporto, Liqourland/Domino’s, Amart, Beacon Lighting, JB Hi-Fi, Pillow Talk, Supercheap Auto, Road Tech Marine, Trek & AutoBarn.
+ Benefiting from the Bayview Centre’s 312 on-grade car parks including 11 exclusive car spaces
+ Favourable turnover rent provisions offering future rental upside
+ Warrawong: highly sought-after location in NSW’s booming South Coast, 8km* to Wollongong & 12km* to Shellharbour
+ Net Income: $305,000 pa* + GST (plus Hungry Jack’s turnover rent)

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
– Starbucks 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 5, 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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