Stonebridge National Investment Sales is pleased to present to the market Pizza Hut and Dude & Duke, Deception Bay (Brisbane), for sale via National Portfolio Auction.
The asset has the following key investment features:
- Pizza Hut 7 year lease to 2024 + options
- Global fast food giant boasting 12,000+ restaurants worldwide with circa 270 stores in Australia
- Dude & Duke – New 10 year net lease to 2032 + options
- Popular, strong performing dining and fast food restaurant capitalising on high demand via convenient drive-thru offering
- Strategically located fast food offerings, seamlessly integrated with neighbouring KFC, McDonald’s and Shell Coles Express
- Expertly configured 2,010 sqm* site providing dual street access, 21 car parks and improved by contemporary building with drive-thru
- Strong exposure boasting 58 m* frontage to major arterial Deception Bay Road, carrying 21,500+ vehicles daily and home to national retailers including Woolworths, ALDI, Supercheap Auto, Dan Murphy’s and new $18 million Coles development
- Highly connected position with direct access to the Bruce Hwy M1 via Deception Bay Road, currently undergoing a major $163 million interchange upgrade enhancing the region’s connectivity
- Deception Bay – 30 km* from the Brisbane CBD, a key commercial and retail hub of the rapidly expanding Moreton Bay region, set to grow to 690,000+* residents by 2041
- Net Leases – Tenants pay outgoings as per leases
- Fixed 3% annual rent increases
- Net Income $226,009 pa* + GST
The Investment is for sale by way of Stonebridge National Portfolio Auction on Tuesday 5th July, commencing at 11am. The Auction will be held at Sofitel Sydney Wentworth’s ‘Hobart Room’, located on Level 2, 61-101 Phillip Street, Sydney NSW.
Prospective purchasers & interested parties will have access to remote bidding facilities in Brisbane & Melbourne, as well as via our Live Stream & Online Bidding Platform, strictly via prior arrangement.
Please contact the exclusively appointed Stonebridge property professionals for more information.