A supermarket with a very well known German retail chain as a tenant.
The area of a building is 1,500 m².
There is a parking for 30 cars in the territory of the property.
The absolute annual income is 120,000 €.
Current yield is 7.14%.
The tenant is a large chain of clothing stores, numbering more than 300 branches in Germany. The annual turnover of the company exceeds 300 million euros.
The lease agreement is valid through 2023 and has the possibility of extension.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 5,0%.
Brokerage fee is 3% + 19% VAT (in total 3.57%).
The property is located in one of the towns of the federal state of Baden-Württemberg with a population of around 10 thousand people.
The distance to Würzburg — 60 km.