FUEL / FAST FOOD SALES
SOLD
2/215 Princes Highway, Beaconsfield, VIC, 3807
$5,400,000
Fast Food
Leiba Commercial facilitated the sale of the Carl’s JR drive thru on a sharp yield of 4.44%. The property was sold with a brand new 12 year lease in place. The cap rate represented a sharp yield for a franchise that is relatively new to Australia and in the midst of establishing themselves as one of the major fast food operators in the industry. The sale of the property was conducted off market and represented a strong result for the vendor.
SOLD
928 Thompsons Road, Cranbourne West, VIC, 3977
$6,500,000
Fuel Centre
Leiba Commercial sold the Liberty anchored petrol station to a private investor on behalf of private vendor. The property was sold with 13 years remaining on the lease to Liberty and reflected a sharp cap rate for a metro Melbourne petrol station.
SOLD
10 Amayla Crescent, Carrum Downs, VIC, 3201
$5,000,000
Fuel Centre
Leiba Commercial sold the 7-11 anchored petrol station to a private investor. The petrol station was anchored by a new 15 year lease anchor tenant 7 Eleven which Leiba Commercial was instrumental in securing for the vendor prior to selling the asset. This in turn improved the pricing the vendor was able to achieve as the asset became a far more secure investment.