Two newly developed quick-service restaurant investments — a KFC and a Guzman y Gomez — have been listed separately for sale at 96–98 Wellington Road, Clayton, following the delivery of assets that market participants say reflect institutional-grade execution in an environment where comparable opportunities are increasingly scarce across Australia.
The properties are being marketed by Matthew Wright, Zomart He, Beau Coulter and George Wilkinson of CBRE on behalf of Hector Ktori of Exus Capital Property Group.
Mr Ktori said the project highlighted a broader national challenge facing QSR development, with few sites able to meet the access, exposure, planning and operational standards now required by major brands.
“Across Australia, there are very limited locations that can support modern, high-volume drive-through formats at scale,” he said. “Securing the right fundamentals in one site — and delivering it — has become the exception rather than the rule.”
The Clayton sites benefit from exposure to more than 80,000 vehicles per day along Wellington Road, proximity to Monash University’s Clayton campus, and adjacency to the Monash Medical Precinct, including a 24-hour emergency department. The area is further supported by surrounding industrial employment and direct access to the South Eastern Freeway.
Mr Ktori said while the location is highly regarded, the differentiation lay in meeting the full operational and covenant requirements demanded by tenants such as KFC and Guzman y Gomez.
“These are tenants with strict criteria around access, throughput, servicing and long-term viability,” he said. “Very few sites can satisfy all of those requirements today.”
The 1,370-square-metre KFC site is leased to Southern Restaurants Group, KFC Australia’s largest privately owned franchisee, under a 15-year lease with a 15-year option, generating $276,000 per annum net with fixed 3 per cent annual increases.
The 2,040-square-metre Guzman y Gomez site is secured by a 20-year lease with a 10-year option, returning $329,000 per annum net, also with fixed annual increases.
Guzman y Gomez, which listed on the ASX in 2024, has continued to expand its national footprint, supporting investor demand for long-dated QSR income.
Mr Wright said demand for premium QSR assets had remained strong amid heightened competition for secure income.
“The fast food and convenience retail sector has delivered close to $200 million in transaction volume over the past year,” he said. “We’re seeing yields compress, with sub-4 per cent becoming common and sub-3 per cent being achieved for premium, covenant-backed QSR assets as investors chase the security of household-name brands with long-term lease commitments.”
Both restaurants opened in late 2025 and feature purpose-built drive-through facilities designed to support high throughput and operational efficiency.
The properties are located approximately 20 kilometres south-east of the Melbourne CBD, within one of Victoria’s largest education and health employment hubs.
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