A commercial center with large well-known chains as the anchor tenants.
The complex of two buildings with several large tenants, office premises and spacious parking.
300 m² are vacant.
The absolute annual income is € 428,000.
The current yield is 5,8%.
Anchor tenants are:
- Well-known fast food chain, with a revenue of about 23 billion dollars (2017). About 235,000 people work in this company. The company occupies 18,9% of the area of the building. The lease agreement is valid until 24.04.2021 + extension options for 5x5 years.
- Major shoe and sportswear retail chain, with the revenue of about 5,8 billion euro (2017) and about 1,300 stores in Germany. The company occupies 19,9% of the area of the building. The lease agreement is valid until 31.07.2024 + extension options for 3x5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 5.0%.
Brokerage fee is 4% + 19% VAT (total 4.76%).
Location and nearby infrastructure
The property is located at the entrance of the famous resort town and is surrounded by branches of large retail chains:
- Möbelhaus Ruga
Baden-Württemberg is the land in the south-west of Germany with the population more than 10 million people. The capital is Stuttgart.
Baden-Württemberg is the region with the developed economy and the lowest unemployment rate in Germany. There are such world-famous companies as Mercedes-Benz, Audi Sport GmbH, Daimler AG, IBM, Karl Storz, Porsche AG, Robert Bosch GmbH, SAP, Voith, Testo, ZF Friedrichshafen AG here.
For a long time, the production of fine mechanics (Junghans, Kienzle, SABA, Dual) has been very developed in the Black Forest.
The territory of the Swabian mountain massif was and remains the center of the textile industry (Hugo Boss, Trigema, Steiff).
There are 2 nuclear power plants in Baden-Württemberg, numerous hydroelectric power stations are built on the rivers of the region.
One of the most important branches of the economy is publishing. About 40% of all German books are published in this land.
There are 9 universities, 39 specialized universities, and about 130 research institutions in the region. The Heidelberg and Tübingen universities are among the oldest in Europe.
The beauty of nature and the abundance of historical attractions contribute to the development of tourism in the region.