An $18.5 million brand new convenience retail centre in Wodonga, Victoria has been approved, with four food and convenience tenancies planned for the site.
The four tenancies are a 7-Eleven service station (the third in the region) and three drive-through QSR brands – Carls Jr., Oporto, and Fast Lane Coffee.
Carl’s Jr. has over 4,000 restaurants around the world and is rapidly expanding its presence in the Australian market with 35 restaurants currently trading and a target for over 160 by 2032.
For Oporto, this border town development will mark its first location in between Canberra and Melbourne.
$18.5m centre for Wodonga
Spectrum Retail is the development and investment group behind the project.
Youil Adam, development director of Spectrum Retail, said “Drive-through operations are witnessing unprecedented demand post-Covid, offering fast and convenient service with minimal contact. This development will also address a gap in the market, as the only fuel and food offering arriving at the border town from Melbourne.”
Designed by architects The Retail Group, the development includes a range of energy and water conservation measures.
It will also generate more than 300 construction jobs and a further 200 ongoing local jobs created once the centre opens.
Spectrum Retail currently manages a development pipeline of more than $300 million with sites across Australia’s eastern seaboard.
It also developed and now manages a $17 million major multi-user QSR and fuel site at 399 Pacific Highway in Coffs Harbour, with tenants including Ampol, Hungry Jacks, and Zambrero – experiencing up to 50,000 vehicles per day on the Pacific Highway.
This story originally appeared on Inside Franchise Business Executive