SOLD - North Ipswich (Brisbane) - Prime Fast Food Investment - Secure 10 Year Net Lease

Cushman & Wakefield is pleased to present to the market 5 Pine Street, North Ipswich (Brisbane) for Sale via Offers to Purchase.

The property has the following key characteristics:

• Secure 10 year net lease to 2030 + options to 2050
• Guzman Y Gomez - Successful, rapidly growing fast food chain, 151 stores globally & market cap of $870 Million
• Brand new drive thru store, complete with latest Guzman Y Gomez corporate fit out offering longevity & significant depreciation benefits
• High profile standalone corner site with 1,610 sqm land zoned CBD Res High Density (Mixed Use)
• Adjacent to $250 Million Riverlink Shopping Centre with 6.15 ha retail space including Coles, Woolworths, ALDI, Target, Kmart & Limelight Cinemas
• Ipswich - Booming location 30 km from Brisbane, fastest growing municipality in QLD with 151% population growth forecast to 2041, totalling 555,000+ residents
• Net lease - Tenant pays all outgoings incl. Land Tax
• Fixed 3.5% annual rent increases
• Net Income $181,125 pa + GST

For more information please contact the Exclusive Property Professionals at Cushman & Wakefield.