A fast-food investment on the Sunshine Coast is set to be brought to market, giving buyers access to a high-growth area.
The newly built KFC at Aura in Caloundra is part of a national portfolio of five fast food properties to be released by Stonebridge Property Group.
It is the first new KFC (built in 2023) offered to the South East Queensland market in more than five years.
The property is located within Stockland’s $9 billion Aura masterplanned community, an area experiencing rapid population growth.
More than 2000 new residents are moving into the region each year, with the population projected to exceed 50,000 over the next two decades.
“This is one of the strongest collections of fast food investments brought to market for some time, with strong representation from leading tenant covenants,” Stonebridge partner Tom Moreland said.
“Each asset stands on its own as a secure, set and forget opportunity, with favourable long-term growth prospects and tax effective income streams courtesy of substantial depreciation benefits.”
Fellow partner Harrison Coburn said demand for fast food investments remained high.
“Given the depth of buyer demand we’re currently seeing for fast food investments, we expect these assets to reinforce the strength of this asset class and be well received throughout our May campaign and into the portfolio auction,” he said.
Built in 2023 by Hutchinson Builders, the property features modern design and construction and comes with a 10 year lease through to 2033, plus options extending to 2053. The lease includes fixed annual rent increases of 3.5 per cent.
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The portfolio also includes a Starbucks at Northgate in Brisbane, a Hungry Jack’s in Dalby, a Guzman y Gomez in Smithfield in Cairns, and a KFC in Seymour in Victoria.
The five properties will be offered individually via a national portfolio auction on Tuesday, May 5 at 11am AEST at the Capella Hotel in Sydney, with remote bidding available in Brisbane and Melbourne.
