FUEL / FAST FOOD SALES
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SOLD
300 Frankston-Dandenong Road, Seaford, VIC, 3198
$5,230,000
Fast Food
Leiba Commercial successfully completed the off-market sale of 300 Frankston-Dandenong Road, Seaford, VIC, a newly developed fast food investment anchored by leading national QSR operator Guzman Y Gomez.
The property was transacted via a confidential pre-construction off-market process, securing a sale price of $5,230,000, reflecting an exceptional 4.5% capitalisation rate.
Positioned along the tightly held Frankston-Dandenong Road commercial strip, the property presented the investor with the opportunity to acquire a brand-new, purpose-built asset leased to a highly recognised national food and beverage operator.
Through Leiba Commercial’s extensive investor network and targeted off-market approach, the property was successfully matched with a purchaser prior to completion of construction.
SOLD
2/215 Princes Highway, Beaconsfield, VIC, 3807
Fast Food
$5,400,000
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
Fuel Centre
$6,500,000
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
Fuel Centre
$5,000,000
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.