Site of regional Hungry Jack’s changes hands for $6.4 million

The site of a newly constructed Hungry Jack’s in Gracemere, located approximately 8km south-west of Rockhampton, has sold for $6.4 million in a transaction that underscores the ongoing strength of the regional quick service restaurant (QSR) market.

Strategically positioned on a high-profile 2,223sqm site with exposure to over 8 million vehicles annually, the property is secured by a rare 13-year head lease to Hungry Jack’s head office with further options extending to 2057.

The sale was managed by CBRE’s Harrison Coburn and Mikaela O’Farrell with the price reflecting a 4.79% yield.

The campaign generated over 110 direct enquiries and six competitive offers presented at the campaign close, highlighting the depth of demand for premium, regionally located QSR assets.

Mr Coburn notes the property was sold via an unconditional contract presented at the campaign close and the team is now actively working with circa $30 million of unsatisfied capital seeking similar investment opportunities.

“This transaction highlights the continued depth and demand for blue-chip QSR investments in regional locations,” Mr Coburn said. “The long lease term, strong depreciation benefits, and tier-one tenant covenant made this asset highly sought-after amongst private investors.”

This transaction is the Queensland team’s third QSR transaction in just three months, following the sale of KFC Gordonvale (Cairns) for $5.808mil reflecting a 4.76% yield & Pizza Hut and Zambrero Deception Bay for $4.5mil reflecting a 5.4% yield.

Ms O’Farrell said the sale further reinforces investor confidence in regional growth corridors and the resilience of the QSR sector.

“We are continuing to see significant interest in brand new QSR assets, particularly those underpinned by strong, top tier national operators. Increased construction costs and limited new supply are driving competition for these high-quality investments which we expect to continue for the remainder of the year and into 2026,” Ms O’Farrell added,