161-163 Nepean Highway Mentone VIC 3194

Savills Retail Investments are excited to offer for sale a 100% freehold interest in Hungry Jack's Mentone in what is the first freestanding fast-food investment offered to market in Victoria in 2024.

Key investment highlights:
- Single-tenanted, minimal-management investment leased to Hungry Jack's (440 stores nationally)
- Recently refurbished dine-in & t/a restaurant with drive-thru facility
- Renewed 5-year lease commencing 1 November 2023 with 2 x 5-year options
- Dual street access via Nepean Hwy and Lower Dandenong Rd (77,000* cars daily)
- Significant landholding of 1,354sq m*
- Highly complementary co-location with KFC on integrated site driving customer flow
- Commercial 1 zoning, offering significant scope for future mixed-use development
- Fixed 3.00% annual rent escalations ensuring growth
- Mentone: Thriving inner-bayside suburb of metropolitan Melbourne with median house price of $1,308,000*

*Approx.

For Sale by Expressions of Interest (EOI) closing 3:00pm AEDT on Wednesday 20 March 2024.