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FREEHOLD FAST FOOD DRIVE-THRU INVESTMENT
Hungry Jack's 155-159 Millers Road, Altona North VIC 3025
Last Asking Price - $3,000,000
RetailSize: n/a
Block size: 1779 m² approx.
Key details are summarised below:
+ Freestanding asset 100% secured by Hungry Jack's, an established blue-chip fast food retailer with over 440 locations across Australia
+ 15 year term to August 2028, plus an additional 4 X 10 year options extending the commitment to 2068
+ Prominent 1,779sqm* corner landholding with multiple points of access, 80m* of total street frontage and 19 valuable car spaces on title
+ Annual CPI rent escalations ensuring attractive rental growth prospects
+ Modern restaurant improvements over 210sqm* plus drive-thru constructed in 2013
+ Excellent visibility to 30,000*^ vehicles passing daily on Millers & Blackshaws Roads
+ Positioned in a thriving fast-food precinct with McDonalds, KFC and Subway restaurants adjacent
+ Close to Altona Gate Shopping Centre and near the Westgate Freeway on ramp
+ Net income $260,980* pa
Please contact CBRE for more information:
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
David Minty
+61 422 564 199
david.minty@cbre.com
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
*approx
^VicRoads traffic data
+ Freestanding asset 100% secured by Hungry Jack's, an established blue-chip fast food retailer with over 440 locations across Australia
+ 15 year term to August 2028, plus an additional 4 X 10 year options extending the commitment to 2068
+ Prominent 1,779sqm* corner landholding with multiple points of access, 80m* of total street frontage and 19 valuable car spaces on title
+ Annual CPI rent escalations ensuring attractive rental growth prospects
+ Modern restaurant improvements over 210sqm* plus drive-thru constructed in 2013
+ Excellent visibility to 30,000*^ vehicles passing daily on Millers & Blackshaws Roads
+ Positioned in a thriving fast-food precinct with McDonalds, KFC and Subway restaurants adjacent
+ Close to Altona Gate Shopping Centre and near the Westgate Freeway on ramp
+ Net income $260,980* pa
Please contact CBRE for more information:
Scott Hawthorne
+61 400 861 048
scott.hawthorne@cbre.com.au
David Minty
+61 422 564 199
david.minty@cbre.com
Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng ()
+61 411 059 116 ()
jj.heng@cbre.com ()
jheng1206 ()
*approx
^VicRoads traffic data
Inspections
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Key details
Property type:
Retail
Block Size:
1779 m²*
Other Details
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Block information
Block size: 1779m² (approx)
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SummaryMedian sales
Average Age
39 years
Population
12,962
Listing ID: 182396408. This listing has been viewed 1 time. It was first displayed on 22/03/2024 and last updated on 24/05/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.