CBRE has been appointed to find a buyer for a KFC outlet in South Australia – the first on-market sale campaign for a KFC store in the state since 2015.
CBRE’s Mitch Curnow, Harry Einarson and Alistair Laycock have been appointed to market the Everard Park store for sale by auction. The property is currently leased by Festival State Foods Pty, trading as KFC and generates a net income of $96,102 per annum.
Located at 16 Anzac Highway, the 2,206sqm property, presents a strong investment opportunity due to urban corridor zoning allowing six-storey development in the future.
Situated in the desirable inner-southern suburb of Everard Park, adjacent to Hungry Jack’s and future residential development sites, the property boasts 39.6m frontage to one of Adelaide’s busiest roads.
Mr Curnow said: “Widely regarded as the most desirable investment property asset class, fast food has historically achieved exceptionally strong yields due to tenant stability and consistently strong trading locations.”
The property is being offered for sale via public auction on-site on Thursday 11 April at 11am (ACDT).
CBRE’s Mitch Curnow, Harry Einarson and Alistair Laycock have been appointed to market the Everard Park store for sale by auction. The property is currently leased by Festival State Foods Pty, trading as KFC and generates a net income of $96,102 per annum.
Located at 16 Anzac Highway, the 2,206sqm property, presents a strong investment opportunity due to urban corridor zoning allowing six-storey development in the future.
Situated in the desirable inner-southern suburb of Everard Park, adjacent to Hungry Jack’s and future residential development sites, the property boasts 39.6m frontage to one of Adelaide’s busiest roads.
Mr Curnow said: “Widely regarded as the most desirable investment property asset class, fast food has historically achieved exceptionally strong yields due to tenant stability and consistently strong trading locations.”
The property is being offered for sale via public auction on-site on Thursday 11 April at 11am (ACDT).
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
