The listing of Australia's highest-turnover KFC franchise, a drive-thru outlet in Medowie in the Hunter region north of Newcastle, has landed on the desks of commercial property investors far beyond New South Wales. Agents marketing the site are understood to be seeking in excess of AUD 8 million (roughly £4.1 million) for an asset reportedly generating annual sales north of AUD 5 million, implying a net initial yield in the region of 4.8 to 5.2 per cent once rent, franchise turnover rent uplifts and lease term are factored in. For UK property professionals, the transaction is less a curiosity than a useful data point in a global asset class that has quietly become one of the most sought-after in commercial real estate: fast-food freeholds let on long, index-linked leases to blue-chip covenants.