 Asset Class: | Retail |
 Price: | $ 5500000 |
 Net Yield: | 5.70 % |
Net Yield - including solar strategy: | % |
 Property Market Status: | Off Market |
This exceptional commercial property presents a unique opportunity to acquire a high-performing Neighbourhood Shopping Centre located in the heart of Cooma's bustling CBD. <br> <br>The property features 100% leased fast-food centre, offering reduced risk through diverse income sources from globally recognised tenants, including Domino's and Subway and it comes with a long WALE of 6 years. <br> <br>This investment generates a net income of $314,467 per annum, with annual rental increases varying between 3%, or CPI +1%, depending on the lease terms. The combination of a strategic location, steady cash flow, and the potential for future growth makes this property a robust and attractive investment opportunity for prospective buyers.
How old is the asset?
Vendor's reason for selling?
Days property been on market?
Is this property strata titled?
Are the seller and tenant related parties?
How long has the current tenant been on site?
How long has the tenant been in business?
Is this property in a flood zone?
Is this lease a leaseback arrangement?
<span style="color:rgb(0, 0, 0);">The NSW economy has experienced strong growth over the past few years. According to NSW state government data, the metropolitan population of Sydney is expected to increase from 4.7 million to 6.4 million people over the next 20 years - an increase of more than 35%. </span><br><br><span style="color:rgb(0, 0, 0);">In addition to being Australia’s largest capital city, Sydney is Australia’s largest employment centre with around 2.6 million people employed. Deloitte Access Economics (DAE) employment forecasts indicate that another 330,000 jobs will be created, representing a 1.7% average annual growth rate over that period. </span><br><br><span style="color:rgb(0, 0, 0);">Further driving the Sydney economy is the extensive number of infrastructure development projects underway, some including the Sydney Metro (City, Southwest & Northwest), Western Sydney Airport, West Connex and North Connex. The state government’s infrastructure spending pipeline, totalling over $70 billion over the next four years, is set to support and shape Sydney’s future growth. NSW is forecasted to grow even more with DAE predicting real Gross State product to average 2.7% pa growth over the next five years, up 2.5% from its average growth over the previous 10 years.</span>
Additional Location Information File<span style="color:rgb(0, 0, 0);"><b>KFC: </b></span><br><span style="color:rgb(0, 0, 0);">Website: </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.kfc.com.au/"><u>https://www.kfc.com.au/</u></a><span></span><br><br><span style="color:rgb(0, 0, 0);">Founded in 1903 in Kentucky, KFC was launched in Australia in 1968. Since then, KFC has opened over 750 restaurants across Australia and employ 40,000+ people.</span><br><br><span style="color:rgb(0, 0, 0);"><b>Dominos: </b></span><br><span style="color:rgb(0, 0, 0);">Website: </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.dominos.com.au/"><u>Domino's | Order Pizza Delivery Online | Food Delivery & Takeaway</u></a><span></span><br><br><span style="color:rgb(34, 34, 34);background-color:rgb(250, 250, 250);">Domino’s Pizza Enterprises Limited (DMP) is Domino’s largest franchisee outside of the USA. It holds the master franchise rights to the Domino’s brand and network in Australia, New Zealand, Belgium, France, The Netherlands, Japan, Germany, Luxembourg, Taiwan, Malaysia, Singapore and Cambodia. Today, DMP has a network of more than 3,800 stores. </span><br><br><span style="color:rgb(34, 34, 34);background-color:rgb(250, 250, 250);"><b>Subway: </b></span><br><span style="color:rgb(34, 34, 34);background-color:rgb(250, 250, 250);">Website: </span><a style="color:rgb(44, 123, 208);display:inline;" target="_blank" href="https://www.subway.com/en-AU/"><u>Subway® Australia| Subs, Salads and close to you.</u></a><span></span><br><br><span style="color:rgb(31, 31, 31);">Subway IP LLC, trading as Subway, is an American multinational fast food restaurant franchise that specializes in submarine sandwiches and wraps. It was founded by Fred DeLuca and financed by Peter Buck in 1965 as Pete's Super Submarines in Bridgeport, Connecticut.</span>
Initial Term:
Security:
Security Info:
Rethink Investing has deducted further $10,000 as a buffer from the presented net income. <br><br>Net Income: $314,467
Additional Financial Information FileInitial Term:
Security:
Security Info:
Comparable Sales: 24 Zouch Street Young NSW 2594: Settled Nov 2024, KFC anchored centre in Regional NSW | Net Yield: 5% 229 Argyle Street Moss Vale NSW 2577: Settled Nov 2024, KFC anchored centre in Regional NSW | Net Yield: 4.8%
Offer To Purchase:
$
Initial Deposit:
$
Due Diligence:
days
Finance:
days
Settlement:
days
<ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Rare 5% plus returning property with KFC as the anchor tenant </span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Secured by a new 10-year lease to KFC, extending until 2035, with options to extend through to 2065</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>100% leased fast-food centre, offering reduced risk through diverse income sources from globally recognised tenants, including Domino's and Subway</b></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);font-weight:bold;"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-style:normal;"><b>Supplement income from Tesla through the provision of electric vehicle charging services - 5 + 5 year initial deal with them at 4% revenue share model </b></span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Positioned on a prime 4,250 sqm site in Cooma’s central business district, with over 89 meters of total frontage</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">The site enjoys valuable MU1 (Mixed Use) zoning, offering flexibility for a range of potential uses</span></p></li><li style="list-style-image:none;color:rgb(51, 51, 51);"><p style="display:inline;"><span style="color:rgb(51, 51, 51);font-weight:normal;font-style:normal;">Southern Restaurants Group: Australia’s largest private KFC franchise operator, with a growing network of 100+ locations across Victoria, New South Wales, and the Australian Capital Territory, and a workforce of over 8,000 employees.</span></p></li></ul>
