968b Nepean Highway

Mornington’s Hottest Retail Investment Leased to National Retailer Noodle Box

Auction Location: On-Site

Jacobs & Lowe Estate Agents in conjunction with CBRE Melbourne Metropolitan Sales are delighted to present For Sale the Mornington Peninsula's hottest retail investment located at 968 Nepean Highway, Mornington.

- Long Term 8 Year Net Lease to Noodle Box
- National Fast Food Tenant
- New Fit out & fixed 3% annual increases

Providing astute investors with a long term 8 year net lease to category leading national fast food retailer, Noodle Box - 968 Nepean Highway offers a headache free, high corner exposure commercial property investment on the booming Mornington Peninsula with massive on site at grade convenient customer car park and providing future development potential*.

The property can be summarised by the following features:

+ Single Tenant retail investment 100% leased to national tenant "Noodle Box" with 80 stores Australia wide

+ Secured with a long term 8 year net lease returning a net income of $74,160 per annum (as at 30th August 2023) with 3% fixed annual increases underwriting future income growth

+ High quality hospitality fit out with exclusive signage rights within Mornington's most highly trafficked intersection and located adjacent to a high performing McDonalds

+ Established in Melbourne in 1996, Noodle Box has grown to Australia's number one Fast Food Asian Cuisine restaurants, with 80 locations Australia wide and additional restaurants located internationally

+ Superbly positioned property on the corner of Nepean Highway (29,000* cars passing daily) and Tyabb Road (18,000* cars passing daily) with direct proximity to the established Mornington Main Street Retail precinct and foreshore, as well as being surrounded by an established and growing residential catchment area

Do not miss your opportunity to secure a high exposure, commercial property investment leased to an established national tenant with excellent future growth.

Noodle Box, 968 Nepean Highway, Mornington is For Sale via On-Site Public Auction Saturday 15th of July at 1:00pm (AEST).

For further information or to arrange an inspection contact Jeremy Lewis 0417 047 092 or Michelle Adams on 0407 743 858.