Drive-throughs set to serve up strong investor demand

With the takeaway-only trade restrictions, orders have accelerated in Queensland’s drive-through retail sector and property investors are watching and waiting.

Zarraffa's Coffee drive-through stores are "holding their own" during the coronavirus crisis.

THE booming drive-through retail sector in Queensland is set to see investor demand rev up in the near future with the asset class showing its resilience during the coronavirus outbreak.

With drive-through orders accelerating under the takeaway-only trade restrictions, it has served up much-needed job-saving revenue for brands such as Zarraffa’s Coffee.

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“The drive-throughs are holding their own,” said Zarraffa’s Coffee founder and chief executive Kenton Campbell.

“We believe if any sector can stay open and survive the current situation it’s the drive-through sector.

“The implications of using a drive-through service are much more reduced in peoples’ minds.

Drive-through assets are showing their strength and resilience in tough times.

“And as long as we can keep our staff and customers safe, it offers people some form of normality in their lives.”

Burgess Rawson’s Queensland director of sales, Glen Conridge, said the increased drive-through trade reinforced the strength and resilience of the convenience retail asset class.

“They were already high-demand assets but once things do actually start to return to normality, get ready,” Mr Conridge said.

“There will be a lot of cash rich, income poor investors vying for these kinds of investment opportunities.”