An interstate investor has paid a substantial amount to acquire a burger joint in Queensland.

In a competitive auction on March 29, Hungry Jack’s located at 1381–1385 Anzac Avenue in Kallangur sold for $6.1 million, according to a news release from Colliers International Brisbane.

According to agents, the transaction demonstrates why investors are drawn to the fast food industry because of its consistent profitability and growth over time, which makes it a solid and stable business option.

Sam Polichronis from Colliers Queensland Executive Investment Services said, “Despite ongoing interest in smaller chains and independent operators, many investors still prefer to invest in established brands such as Hungry Jack’s.”

“Private investors, self-managed super funds, interstate investors and those institutional-grade investors looking for secure investments have been actively driving the demand for these sorts of assets in recent years.”

Polichronis adds: “Essential service sectors play a crucial role in daily life and are more resilient to economic conditions, making them a less risky investment with a reliable income source and capital growth potential, making them a popular choice among investors.”

The Kallangur restaurant, operational since 2012, has been sold to a buyer represented by Colliers Queensland, who has chosen to remain anonymous. Situated on a vibrant thoroughfare, its neighboring establishments include 7-Eleven, Ampol, and ALDI. Hunter Higgins, Colliers Queensland’s National Director of Investment Services, emphasized the property’s appeal as one of Queensland’s largest freestanding Hungry Jack’s outlets. With lease options extending until 2042 and consistently surpassing turnover rent targets, the property presented an excellent investment opportunity. Positioned along Anzac Avenue with a commanding 60-meter frontage and frequented by over 140,000 vehicles weekly, it caters to a catchment of over 87,000 residents within a 4.5-kilometer radius.