Burgess Rawson is pleased to offer to market the KFC located at 393 Bridge Street, Wilsonton (Toowoomba) QLD, for sale via our Investment Auction Portfolio 165.
The property has the following investment highlights:
+ Fifteen (15) year lease to Collins Foods (corporate head office) to 2025 plus two (2) further five (5) year options to 2035
+ Collins Restaurants Queensland Pty Ltd: wholly owned subsidiary ASX retail giant Collins Foods Ltd - fast food giant operating 275 KFC stores nationally, with a market cap of $1 billion
+ Super strong trading store, well above percentage rental threshold
+ Long established KFC site 1979, 44 years in the making
+ Annual CPI rent reviews with turnover rent upside
+ Absolute prime 1,541sqm* site with 84 metres* of combined frontage directly off the Warrego Highway servicing 18,500 vehicles daily*
+ Brand new tenant funded improvements completed in 2021 featuring latest branding and leading customer retail experience
+ Dual lane drive-thru, modern configuration with on-site parking for 15 cars
+ Highly sought after freestanding fast food opportunity with seamless integration to the Wilsonton Shopping Centre anchored by Coles, Woolworths, Hungry Jack's, Dan Murphy's, Petbarn, new 7-Eleven & Starbucks, complemented by 800 free on-site parking spaces***
+ Wilsonton Shopping Centre: premier neighbourhood shopping destination servicing a main trade area population of 43,000 and generating an annual consumer expenditure in excess of $543 million per year***
+ Surrounded by important social infrastructure including the Toowoomba City Aerodrome, the St Andrew's Toowoomba Hospital and 25 schools within 3km* servicing over 11,900 full-time students**
+ Toowoomba Region: the western gateway to the $280 billion^ south east Queensland economy, with population forecast to exceed 204,000 people by 2041^^
+ QLD's 6th largest region by population, the Toowoomba Region generates $11.63 billion in Gross Regional Product (GRP) with an estimated 90,183 jobs in the area^
+ The Toowoomba Region is nestled within Southern Queensland Country, a booming tourism destination that welcomed more than 2.5 million domestic visitors in the year ending June 2023. The visitors contributed an impressive $1.267 billion in expenditures^^^
+ Toowoomba City: a booming growth suburb where median house prices have surged by 39%* in the past 12 months^*
+ Net Income: $274,366 pa* + GST
For Sale by Investment Portfolio Auction
10:30am AEST Thursday 7 December 2023
The Hilton, Brisbane
Please contact the exclusively appointed Burgess Rawson team for more information.
*Approx.
**GapMaps
***Wilsonton Shopping Centre
^Economy.id
^^Toowoomba GOV
^^^Tourism & Events Queensland
^****
