A newly built Nando’s drive-through in Cranbourne North, Victoria, has sold for $5.845 million to a New South Wales-based private investor.
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through → build → investor
The 2025-built property features a purpose-built dual-lane drive-through and has a long-term lease with Nando’s Australia.
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property → build → Australia
According to Real Commercial, Stonebridge’s marketing material estimates the property’s annual net income at $319,035 as at October 2026.
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material → accord → October
The lease provides for fixed annual rent increases of 3%, with further options extending the arrangement to 2060.
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options → provide → 2060
The property sold for $5.845 million, achieving a reported yield of 5.3%, just $355,000 below the Australian record price paid for a Nando’s property earlier this year.
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property → sell → property
Nando’s Cranbourne North property sold for $5.845 million
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property → sell → million
The property at 1587 Thompsons Road in Cranbourne North was secured by a New South Wales-based private investor.
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property → secure → investor
The newly built drive-through attracted interest from local, interstate and offshore investors.
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through → build → investors
Its reported sale price of $5.845 million came within $355,000 of the highest price paid for a Nando’s property in Australia.
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price → report → Australia
That record was set in February 2026, when a newly built drive-through at Munno Para in South Australia sold for $6.2 million.
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through → set → million
The South Australian property was returning $320,000 a year and sold on a yield of 5.16%.
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property → return → %
Nando’s property leased until 2040 with options to extend
The Nando’s drive-through in Cranbourne North was built in 2025 and has two lanes for customers.
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through → lease → customers
The property is leased directly to Nando’s Australia under a head-office lease that runs until 2040, with further options extending it to 2060.
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options → lease → 2060
Stonebridge partner Kevin Tong said the new building and long-term lease were major reasons the property attracted investors.
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property → say → investors
He added that fast-food properties generally drew strong buyer interest.
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properties → add → interest
The direct lease to Nando’s Australia also helped the site stand out.
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site → help → Australia
Mr Tong said investors buy these properties because they are safe and secure, and because they want to receive returns every month.
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they → say → returns
Nando’s drive-through earns $319,035 a year as rent rises by 3%
Stonebridge’s marketing material puts the Cranbourne North property’s net income at $319,035 a year as at October 2026, equivalent to about $6,135 a week.
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material → earn → 6,135
The investment also includes fixed annual rent increases of 3% under its long-term lease with Nando’s Australia.
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investment → include → Australia
The reported annual income was slightly below the $320,000 generated by the Munno Para property in South Australia, which sold for $6.2 million in February 2026.
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which → generate → February
Mr Tong said rising construction costs were contributing to higher price points and rents for newer fast-food properties.
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costs → say → properties
Older Victorian Nando’s investments had recorded substantially lower rents, although the properties and lease arrangements were not direct comparisons.
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properties → record → rents
A Clayton Nando’s returned $82,400 a year when it sold in 2009, while a Lynbrook tenancy returned $82,727 in 2015.
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tenancy → return → 2015
Interstate investors show interest in Victorian commercial property
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investors → show → property
The Nando’s sale came amid increased interest from interstate investors in Victoria’s commercial property market.
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sale → come → market
Stonebridge said five of its past six Victorian properties taken to market had ultimately sold to interstate buyers.
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five → say → buyers
Mr Tong said Sydney investors were seeing strong value in Melbourne compared with opportunities closer to home.
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investors → say → home
The report also discussed changes to investor tax settings introduced in May 2026.
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report → discuss → May
Knight Frank economist Ben Burston said commercial property could be one of the few areas where investors could continue pursuing purchases after changes affecting negative gearing and capital gains tax discounts.
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investors → say → gearing
Disclaimer: This article is based on publicly available information.
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article → base → information
The Times of India has not independently verified the property details, sale price, rental income, lease terms, or sale circumstances mentioned.
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Times → verify → details
The information should not be interpreted as confirmation from Nando’s Australia or its representatives.
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information → interpret → Australia
The Aporia
