Warrawong NSW 2502

Guzman Y Gomez/Warrawong 27-41 King Street Warrawong NSW 2502

  • Shop & Retail
  • 240 m²
  • 20 Year Lease To Blue Chip Tenant
  • New Improvements & Strong Depreciation
  • Rare Freestanding ‘Pad Site’

The asset has the following key investment features:

– Brand new 20 year lease to 2043 + options to 2063, with favourable fixed 3% annual rent increases

– Guzman y Gomez Australia’s fastest growing fast food operator, $1.5 billion market cap and leading Mexican chain across 170+* outlets worldwide

– Prominent 1,482 sqm* corner site to be improved by brand new drive-thru restaurant, providing significant depreciation benefits (estimate of circa 70%^ of year 1 rent tax deductible)

– Outstanding location on high profile arterial, King Street, exposed to 41,534+ vehicles daily and surrounded by Coles, Aldi, Big W, Target, McDonalds plus new $30 million fast food and large format retail development

– Well configured site with 80m dual street frontage and seamlessly integrated with adjoining Ampol/Carls Junior fast food & convenience retail offering

– Wollongong Gateway location only 90 mins south of Sydney, local population forecast to increase 26% to 270,000+ by 2041

– Favourable lease structure Tenant pays all outgoings as per lease

– Net Income $300,000 pa (+GST)

*Approximately PEP^

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