Burgess Rawson is pleased to offer to the market McDonald's Warrawong located at 126 Northcliffe Drive, Warrawong (Wollongong) NSW for sale via our Investment Auction Portfolio 170.
This opportunity has the following key investment highlights:
+ Renewed 20 year net lease to 2040 plus option to 2045
+ McDonald's: global fast food giant with 38,000+ restaurants in over 120 countries
+ Rare fixed 4% annual rent increases ensuring long term compounding income growth
+ Highly desirable net lease structure, McDonald's pays 100% of outgoings including land tax, property managements and all R & Ms
+ Recently refurbished state-of-the-art facility with pivotal dual lane drive thru and ample on-site parking for 41 cars
+ Major recent tenant upgrades/extension and significant tenant CapEx investment
+ The first McDonald's drive thru in Australia opened in Warrawong in 1978
+ High profile 3,034sqm* 'Golden Mile' King Street corner freehold landholding forming part of the "Bayview Centre"
+ Bayview Centre: premium fast food, liquor and large format retail centre completed in 2023, opposite the third largest Shopping centre in the Wollongong LGA, Warrawong Plaza
+ Ideally positioned within brand new nationally tenanted Bayview Centre neighbouring Hungry Jack's, Starbucks, Oporto, Liqourland/Domino's, Amart, Beacon Lighting, JB Hi-Fi, Pillow Talk, Supercheap Auto, Road Tech Marine, Trek & AutoBarn.
+ Favourable rent turnover provisions providing future rental upside
+ Warrawong: highly sought-after location in NSW's booming South Coast, 8km* to Wollongong & 12km* to Shellharbour
+ Net Income: $527,198 pa* + GST
To be sold by Investment Portfolio Auction
10:30am AEST Tuesday 6 August 2024
Yallamundi Rooms, Sydney Opera House
Also available as part of Burgess Rawson's August Portfolio Auction.
- Hungry Jack's Warrawong
- Starbucks Warrawong
- Oporto Warrawong
- Liqourland (Coles Group) & Domino's Warrawong
Please contact the exclusively appointed sales team for more information.
