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^