9:33 PMPropertymarkets News
Benchmark El Jannah Cranebrook Sale Caps Stonebridge’s $25 Million Month in Sydney Fast Food
Summary
Stonebridge Property Group sold the El Jannah restaurant in Cranebrook for $5.65 million at a 4.87% yield. The transaction was the group’s third major Sydney fast-food sale in a month, taking the combined value of the deals above $25 million.
A sub-5% yield shows investors are paying premium prices for leased fast-food properties with established
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Fast-food properties are attracting institutional-style pricing, pushing up valuations for tightly held suburban commercial assets.