Sentinel sells KFC Menai outlet for $3 million through Burgess Rawson
A KFC outlet at Menai Central retail complex in Sydney’s southern suburbs has been sold by the Sentinel Property Group for $3.05 million to a private investor through Burgess Rawson.
Sentinel, which acquired the Menai Central in 2013, sub-divided and now sold off the drive-through KFC takeaway food outlet.
The 684 square metre property is tenanted by KFC on a long-term lease until December 2022
It is set on 2,003 square metres on the corner of Old Illawarra and Menai Roads in the Sutherland Shire.
The Menai Centre has 10,796 square metres of retail space with 275 car parks, underpinned by long leases to major national retailers including Dan Murphy’s, IGA, Supercheap Auto and Bank of Queensland.
Sentinel’s unlisted property funds deliver an average net distribution across its entire portfolio of 11.5% per annum.
