Brand New Fast Food Drive Thru | 10 Year Net Lease + Options
Description
Burgess Rawson & Commercial East Coast Investments are pleased to offer to the market 200 Kingston Road, Slacks Creek for sale via our Investment Auction Portfolio 169.
This opportunity has the following key investment highlights:
+ New 10 year net lease to 2034 plus two (2) further five (5) year options to 2044
+ Slim’s Quality Burger: from the founders of Betty’s Burgers, established in multiple locations throughout Sydney with two new outlets in Brisbane and expanding
+ Fast food restaurant with drive-thru completed and opened in May 2024
+ Significant depreciation benefits: estimate of $90,500* in the first year
+ Tenant pays all outgoings including land tax and management fees
+ Prime 74m* frontage to Kingston Road with 35,000+ vehicles passing daily*
+ Dedicated on-site parking including 7 ‘QR Code’ ordering bays
+ Located within Slacks Creek industrial precinct, alongside national retailer United Petroleum, in a new landmark retail and commercial development
+ Logan City Council: second fastest growing LGA in South-East Queensland, with the population forecast to increase 47% by 2041 to over 500,000 residents and $1.2 billion committed in future capital works projects
+ Net Income: $170,000 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 27 June 2024
The Hilton, Brisbane
Bidder registration required, register at portfolioauctions.com.au
Please contact the exclusively appointed Burgess Rawson & Commercial East Coast Investments team for more information
*Approx.
Slacks Creek, QLD
200 Kingston Road
For Sale by Portfolio Auction
This property is part of Portfolio 169
10:30AM, The Hilton, BrisbanePrice: Contact Agent