Dominant Freehold KFC Opposite Costco | Leased to Collins Foods through to 2051
Burgess Rawson is pleased to offer to market the KFC located at 20 Ashburn Road, Bundamba QLD, for sale via our Investment Auction Portfolio 159.
The property has the following investment highlights:
+ Ten (10) year lease to Collins Foods to 2031 plus four (4) further five (5) year options to 2051
+ Collins Foods (ASX: CKF): fast food giant operating 277 KFC and Taco Bell restaurants nationally, with a market cap of $1 billion
+ Annual fixed compounding 3% rental increases, ensuring income growth
+ High exposure 2,073sqm* corner site with 86m* of combined frontage to Ashburn Road and Hawkins Crescent located directly off the Warrego Highway servicing 60,000 vehicles daily
+ Dual lane drive-thru, modern configuration with on-site parking for 21 cars
+ Strategically positioned in the Walker Corporation's Citiswich Business Park - a 350 hectare* master-planned industrial estate opposite Costco’s 13,750sqm* warehouse employing over 280 staff and servicing thousands of customers daily
+ Highly desirable freestanding fast food investment, constructed in December 2021, offering outstanding tax depreciation benefits
+ Surrounded by major complimentary tenants including Costco, Puma, Reject Shop Distribution Centre and more
+ Ipswich: the seventh fastest growing metropolitan location in Australia with forecast population growth of 120% to 520,000+ by 2041
+ Estimated Net Income: $191,893 pa + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 30 March 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
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