Hungry Jack's, 1342-1350 Western Highway,
Caroline Springs, VIC 3023
Shops & Retail • Showrooms & Large Format Retail • Development Sites & Land
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CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
Hungry Jack's, 1342-1350 Western Highway
Caroline Springs, VIC 3023
Map of Hungry Jack's, 1342-1350 Western Highway
Rare Metro-Melbourne Hungry Jack's Freehold Investment
- Heavily Invested Tenant
- Hungry Jack's Built All Improvements
- Huge 3,669 sqm Gateway Site
Renewed, net Lease to 2023 plus options.
Heavily invested tenant on landlord-friendly ground lease structure.
Strategic 3,669 sqm gateway site with 42 on-site car spaces.
Modern drive-thru restaurant developed by Hungry Jack’s at its cost in 2003.
Tenant responsible for rates, insurance, repairs, replacement of plant/equipment and structural works.
Hungry Jack’s Pty Ltd: Blue-Chip tenant, wholly owned subsidiary of Competitive Foods, Australia’s largest independent fast food retailer with 2018 revenue $1.4 billion (IBISWorld) and over 400 restaurants across Australia.
Extremely rare metropolitan-Melbourne offering (most recent drive-thru fast food on-market freehold sale in suburban Melbourne was in December 2016).
Caroline Springs: 21km to Melbourne CBD, major activity centre in the City of Melton, projected 195% population growth by 2051 (forecast.id).
Net Rent: $120,101 pa (projected 23 May 2019).
Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne
Heavily invested tenant on landlord-friendly ground lease structure.
Strategic 3,669 sqm gateway site with 42 on-site car spaces.
Modern drive-thru restaurant developed by Hungry Jack’s at its cost in 2003.
Tenant responsible for rates, insurance, repairs, replacement of plant/equipment and structural works.
Hungry Jack’s Pty Ltd: Blue-Chip tenant, wholly owned subsidiary of Competitive Foods, Australia’s largest independent fast food retailer with 2018 revenue $1.4 billion (IBISWorld) and over 400 restaurants across Australia.
Extremely rare metropolitan-Melbourne offering (most recent drive-thru fast food on-market freehold sale in suburban Melbourne was in December 2016).
Caroline Springs: 21km to Melbourne CBD, major activity centre in the City of Melton, projected 195% population growth by 2051 (forecast.id).
Net Rent: $120,101 pa (projected 23 May 2019).
Auction 11am AEDT Wednesday 27 February 2019
River Room, Crown Casino, Melbourne
Caroline Springs, 3023 demographic data
The median household income for Caroline Springs is $2,134, 12% higher than Greater Melbourne's household income of $1,901. Caroline Springs has a younger age profile compared to the rest of Greater Melbourne (median age 35 vs 37). Property ownership data shows 68% of property owners in Caroline Springs have a mortgage.
24,488
Population
$2,134 per week
Median household income
35 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
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