Renewed 10 Year Lease to Collins Foods (ASX:CKF) | Expansive 2,932sqm* Corner Freehold
Description
Burgess Rawson from CBRE in conjunction with CBRE WA and Burgess Rawson WA are pleased to offer to the market KFC, Corner High Road & Willeri Drive, Riverton (Perth) WA for sale.
This investment has the following key highlights:
+ Renewed Ten (10) year lease to April 2035 plus options to 2045.
+ Long successful KFC restaurant with Collins Foods trading on-site since 1986.
+ Collins Foods: ASX-listed fast-food giant with 289 KFC stores in Australia and market cap of $1.24 billion. (1)
+ High profile 2,932sqm* freehold site with seamless integration to the Riverton Forum Shopping Centre
+ Commanding corner position with 110 metres* frontage and exposure to busy High Road and Willeri Drive, 13+ million vehicles passing annually.(2)
+ Investor preferred net lease terms with Collins Foods paying all outgoings including single holding land tax.
+ Fixed 4% annual rent increases assuring income growth.
+ Trophy KFC restaurant with drive-thru and recent 2025 store refurbishment store.
+ Situated in thriving Riverton/Parkwood retail precinct amongst national retailers Coles, Woolworths, McDonald’s, Chicken Treat and Pizza Hut.
+ Riverton: Located 10km* south of the Perth CBD, booming median house price up 18%+ to $1,230,000 over the last 12 months. (3)
+ City of Cannington: One of the highest performing local economies in Western Australia with an estimated at $12.97 billion, representing 2.92% of the state’s Gross State Product. (4)
+ Net Income: $224,425pa* + GST
*Approx
1. Collins Foods
2. GapMaps
3. Reaestate.com.au
4. .id
Enquire
Contact agents
Matthew Wright Partner
0458 290 588
Raoul Holderhead Partner
0413 860 304
Brodie Keay Head of Agency
0403 552 809Enquiry Form
Riverton, WA
Corner High Road & Willeri Drive
For Sale by Expression of Interest
This property is part of Portfolio 180
Price: Contact Agent
Contact agents
-
Matthew Wright Partner
0458 290 588 -
Raoul Holderhead Partner
0413 860 304 -
Brodie Keay Head of Agency
0403 552 809