Taco Bell and Yiros Shop Beenleigh sell for $6 million

An offshore private investor represented by Costello Group has purchased the Taco Bell and Yiros Shop investment in Beenleigh for $6 million, as quick-service restaurant (QSR) investments remain one of the most highly sought after sectors for investors. 

Located at 149 George Street, the QSR investment was developed in 2020 by Enhanced Property Investments and is secured by a 10-year lease to each tenant, with options out to 2047 and 2050. 

CBRE’s Harrison Coburn and Nick Kennedy managed the sale which fielded 122 direct enquiries from local, interstate and international investors with eight formal competitive offers presented at the close of the campaign. The sale price reflects a yield of 5.51%.

This transaction follows the recent sale of the adjoining Hungry Jack’s investment, which changed hands for $5,120,000 representing a 4.68% yield.  

“The pricing and yields achieved in this current environment reflect the depth of capital we are seeing in the market, more noticeably the uptick of groups reviewing opportunities based offshore, which is making up over 30% of the total active buyer pool,” Mr Coburn said.

“The demand for QSR investments continues to remain highly sought-after in Queensland, which is evident through the consistent sale results being achieved, coupled with the constrained supply of future developments given the volatile construction industry.”