2/88 Elizabeth WayElizabeth SA 5112
Property Details for 2/88 Elizabeth Way, Elizabeth
Last Listing description (July 2026)
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
No stamp duty payable
2/88 Elizabeth Way, Elizabeth is offered for sale via Private Treaty.
Property History for 2/88 Elizabeth Way, Elizabeth, SA 5112
- 15 Jul 2026Sold
- 21 May 2026Listed for Sale Contact listing agent
- 26 Jun 2025Transferred
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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.
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