Colliers International is proud to offer For Sale a newly built freestanding Hungry Jack’s drive-thru restaurant. The property is secured by a 15 year lease which expires in 2030 with options for a further 3 x 5 year terms.
Key Points:
- Net Income of $183,750 *^
- 15 year net lease to Hungry Jack’s expiring in 2030 with 3 x 5 year option to renew
- Fixed annual rental reviews commencing at 5%
- Secured by strong lease covenant to Hungry Jack’s Pty Ltd
- Strategically located in retail precinct of a regional hub
- Significant depreciation benefits available
- Site Area: 3,839* sqm
- Total GLA: 257.5* sqm
Hungry Jack's South Nowra is also offered as part of a portfolio with Shell Coles Express & Subway:
Web link for more details: colliers.com.au/27158
Public Auction
Wednesday 9 November at 10.30am (AEDT).
at Colliers International
Level 30, 225 George Street
Sydney NSW 2000
*approximately
^as at 1 December 2016
** Based on a CPI review of 1.75%