A newly built Nando’s drive-through in Australia sold for $5.845 million

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. The 2025-built property features a purpose-built dual-lane drive-through and has a long-term lease with Nando’s Australia.According to Real Commercial, Stonebridge’s marketing material estimates the property’s annual net income at $319,035 as at October 2026. The lease provides for fixed annual rent increases of 3%, with further options extending the arrangement to 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.Nando’s Cranbourne North property sold for $5.845 millionThe property at 1587 Thompsons Road in Cranbourne North was secured by a New South Wales-based private investor. The newly built drive-through attracted interest from local, interstate and offshore 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. That record was set in February 2026, when a newly built drive-through at Munno Para in South Australia sold for $6.2 million....