2/88 Elizabeth Way, Elizabeth, SA 5112 | Commercial for sale | OnTheHouse
FOR SALE
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2/88 Elizabeth Way
Elizabeth SA 5112

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 293m2
Land area: 2964m2
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High Profile Fast-Food Leased Investment

RWC Adelaide are pleased to present Carl's Jr. at 2/88 Elizabeth Way, Elizabeth, to market for sale via Private Treaty.
Newly completed in 2022, this genuine gateway corner site offers long term lease security along with outstanding future potential.
This property boasts the following key investment highlights:
• Secure 12-year lease to QSR Trading Pty Ltd, trading as Carl's Jr., commencing 1 June 2022 with two (2) further rights of renewal of five (5) years
• Newly built precinct completed in 2022, offering significant depreciation benefits
• Prominent corner site with exceptional exposure to Main North Road and Elizabeth Way, benefitting from over 52,000 vehicles passing daily*
• On the doorstep to the Elizabeth City Centre, the primary destination in Adelaide's north for all shopping, dining and entertainment needs
• Landmark 2,964sqm* Torrens Titled Allotment with favourable Urban Activity Centre zoning, future proofing the asset long term
• Landlord favourable Net lease structure with all usual outgoings recoverable, plus fixed rental increases
• Estimated net income of $187,025* + GST per annum as of 1 June 2026
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Property Details for 2/88 Elizabeth Way, Elizabeth

Building Type
Commercial
Floor Size
293m2
Land Size
2964m2
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About Elizabeth 5112

The size of Elizabeth is approximately 1.9 square kilometres. There are 9 parks, covering nearly 27.4% of the total area. The population of Elizabeth in 2016 was 1024 people. By 2021 the population was 1033 showing a population growth of 0.9% in the area during that time. The predominant age group in Elizabeth is 40-49 years. Households in Elizabeth are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Elizabeth work in a labourer occupation.In 2021, 43.50% of the homes in Elizabeth were owner-occupied compared with 45.30% in 2016.

Elizabeth has 597 properties. Over the last 5 years, Houses in Elizabeth have seen a 183.29% increase in median value, while Units have seen a 185.73% increase. As at 30 June 2026:

  • The median value for Houses in Elizabeth is $635,779 while the median value for Units is $402,435.
  • Houses have a median rent of $490 while Units have a median rent of $220.
There are currently 4 properties listed for sale, and 1 property listed for rent in Elizabeth on OnTheHouse. According to Cotality's data, 28 properties were sold in the past 12 months in Elizabeth.

Suburb Insights for Elizabeth 5112

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Oliver Totani
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Jack Dyson
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RWC Adelaide
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.