Rare 15 + 15 Year Triple Net Lease to Hungry Jack's Head Office
+ Long Fifteen (15) year head office lease to October 2031 plus One (1) further Fifteen (15) year option to 2046.
+ Hungry Jack’s: wholly owned subsidiary of Competitive Foods Australia Pty Ltd with $1.8 billion revenue in FY19-20.
+ Rare fixed 3.5% annual rent increases plus 5% increase at option assuring growth.
+ Landlord-favourable, triple net lease terms with Hungry Jack’s responsible for rates, building insurance, public liability insurance and land tax.
+ Hungry Jack’s also responsible for all structural maintenance and repairs.
+ Highly sought after ‘essential service’ asset class.
+ Proven 329sqm restaurant plus drive thru with circa $1 million Hungry Jack’s funded upgrade in 2016/17.
+ Irreplaceable Hume Highway position directly opposite $74 million Campbellfield Plaza including Coles, K-Mart, Officeworks & ALDI.
+ Prime 2,409sqm site with 55 car parks on-title and huge exposure with 60,000 VPD*.
+ Strategically located only 300 metres from the Western Ring Road on/off ramp.
+ Campbellfield: Melbourne’s most important industrial and logistics hub, situated only 14km north of the CBD.
+ Income: $216,157pa + GST (as at Nov 2021)
To be sold by Burgess Rawson Investment Portfolio Auction
Tuesday 10th August 2021
Bidding available via phone, online, and in person at the Hilton Brisbane or remotely at our Perth and Canberra state offices, and the offices of participating conjunctional agents.
Contact Selling Agents
Burgess Rawson
Raoul Holderhead 0413 860 304
Beau Coulter 0413 839 898
Matthew Wright 0458 290 588
Domain Commercial Real Estate
Dean Fornaro 0432 505 060
Remember to mention you found this property on CommercialReady.com.au
