A hypermarket in Styria.
A construction hypermarket.
The store is in good condition, undergoing maintenance.
The absolute annual income is 720,000 €.
The current yield is 6,0%.
The tenant is an international chain of construction and drug stores. The company's turnover is about 7 billion euros. The number of employees is more than 45,000 (including franchisees).
The lease agreement is valid until 30.11.2027 + extension options 3 x 5 years.
Brokerage fee is 3% + VAT 20%.
The hypermarket is located next to a busy federal street on the outskirts of a large district center of Styria.
There are other chain hypermarkets and shopping centers in the immediate vicinity.
Styria is the 2nd in size and the 4th most populated federal state of Austria.
The center of the federal land is the city of Graz — the 2d largest in the country, numbering more than 270 thousand inhabitants.
The city has developed such industries as brewing, mechanical engineering, chemical, food and textile. The international fair of Graz is an important commercial and industrial event in south-eastern Europe.
Graz-Talerhof Airport, located about 10 km south of the city center, provides air communication with the countries of Europe, North Africa and Turkey.
There are 4 universities in Graz, in which more than 55 thousand students study annually.
The center of the Old Town of Graz was declared a UNESCO World Cultural Heritage.