Cameron is pleased to present an outstanding opportunity to acquire a purpose-built quick-service restaurant investment, occupied by Fresh Convenience QSR Pty Ltd, trading as Carl's Jr., within the established Tarneit Square precinct.
With a building area of approximately 329 m², the property generates a substantial net rental income of $265,224.96 per annum, secured by a long-term lease extending to June 2039, with options to 2059.
Purpose-configured for dine-in and takeaway trade, the premises feature a dual-lane drive-thru facility, catering to the convenience-driven demands of today's quick-service restaurant market.
This property benefits from a prominent commercial setting alongside established neighbouring businesses, including a BP-branded service station, convenience store, and Aspire Early Education & Kindergarten.
Importantly, the investment is positioned within a growing residential catchment. Tarneit’s population increased approximately 63% in just five years. The number of private dwellings also increased from 10,617 to 17,274 over the same period, highlighting the scale of residential expansion underpinning the local market.
With fixed annual rental increases, multiple further lease options and a prominent position within a growing residential catchment, this investment presents an appealing opportunity for investors seeking established income and long-term commercial property exposure.
INVESTMENT HIGHLIGHTS
• $265,224.96 net annual rental income
• 329 m² purpose-built restaurant premises
• Occupied by Carl's Jr. under an established lease
• Long-term lease secured until June 2039
• Four further lease options of five years each
• Fixed 3% annual rental increases
• Market rent reviews at the commencement of further terms
• Dual-lane drive-thru configuration
• Dine-in and takeaway restaurant permitted use
• Positioned within the established Tarneit Square
• 18 on-site parking spaces
• Located within Melbourne's growing western corridor
----------------------------------------
TENANCY SUMMARY
708 Tarneit Road, Tarneit
• Building area: 329 m²
• Tenant: Fresh Convenience QSR Pty Ltd, trading as Carl's Jr.
• Current net rental: $265,224.96 per annum
• Current lease term: 14 years, 6 months and 12 days
• Lease expiry: 24 June 2039
• Further options: Four further terms of five years each
• Rental reviews: Fixed 3% annual increases, with market rent reviews at the commencement of each further term
• Permitted use: Dine-in and takeaway restaurant with dual-lane drive-thru, trading as Carl's Jr.
----------------------------------------
The long lease term, contractual rental increases and additional options provide a structured income profile for investors seeking to add a leased commercial property to their portfolio.
For further information or to arrange an inspection, contact the exclusive selling agents at Cameron today.
Measurements are approximate, and outlines are indicative only.
Remember to mention you found this property on CommercialReady
Close
