Hungry Jack's 155-159 Millers Road,
Altona North, VIC 3025
Shops & Retail • Showrooms & Large Format Retail • Other
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Key property information
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CBRE - Melbourne
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
Hungry Jack's 155-159 Millers Road
Altona North, VIC 3025
Map
FREEHOLD FAST FOOD DRIVE-THRU INVESTMENT
- DOMINANT STANDALONE CORNER STORE
- INNER MELBOURNE LOCATION
- ATTRACTIVE CPI ANNUAL REVIEWS
**SOLD BY CBRE**
Key details are summarised below:
+ Freestanding asset 100% secured by Hungry Jack’s, an established blue-chip fast food retailer with over 440 locations across Australia
+ 15 year term to August 2028, plus an additional 4 X 10 year options extending the commitment to 2068
+ Prominent 1,779sqm* corner landholding with multiple points of access, 80m* of total street frontage and 19 valuable car spaces on title
+ Annual CPI rent escalations ensuring attractive rental growth prospects
+ Modern restaurant improvements over 210sqm* plus drive-thru constructed in 2013
+ Excellent visibility to 30,000*^ vehicles passing daily on Millers & Blackshaws Roads
+ Positioned in a thriving fast-food precinct with McDonalds, KFC and Subway restaurants adjacent
+ Close to Altona Gate Shopping Centre and near the Westgate Freeway on ramp
+ Net income $260,980* pa
Please contact CBRE for more information and to organise an inspection of the property.
Scott Hawthorne
+61 400 861 0...
scott.hawthorne@cbre.com.au
David Minty
+61 422 564 1...
david.minty@cbre.com
Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 1... (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)
*approx
^VicRoads traffic data
Key details are summarised below:
+ Freestanding asset 100% secured by Hungry Jack’s, an established blue-chip fast food retailer with over 440 locations across Australia
+ 15 year term to August 2028, plus an additional 4 X 10 year options extending the commitment to 2068
+ Prominent 1,779sqm* corner landholding with multiple points of access, 80m* of total street frontage and 19 valuable car spaces on title
+ Annual CPI rent escalations ensuring attractive rental growth prospects
+ Modern restaurant improvements over 210sqm* plus drive-thru constructed in 2013
+ Excellent visibility to 30,000*^ vehicles passing daily on Millers & Blackshaws Roads
+ Positioned in a thriving fast-food precinct with McDonalds, KFC and Subway restaurants adjacent
+ Close to Altona Gate Shopping Centre and near the Westgate Freeway on ramp
+ Net income $260,980* pa
Please contact CBRE for more information and to organise an inspection of the property.
Scott Hawthorne
+61 400 861 0...
scott.hawthorne@cbre.com.au
David Minty
+61 422 564 1...
david.minty@cbre.com
Nathan Mufale
+61 421 224 3...
nathan.mufale@cbre.com.au
CBRE Asian Services Desk:
Jing Jun (JJ) Heng 王敬君 (中文普通话咨询物业详情)
+61 411 059 1... (手机)
jj.heng@cbre.com (电子邮件)
jheng1206 (微信)
*approx
^VicRoads traffic data
Property ID: 504550572Last Updated: 24 May 2024
CBRE - MelbourneLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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