Supermarket Netto with long-term lease agreement.
1-storey building with an outdoor parking for 57 cars. The total area of the building is 1,140 m².
The annual income is 124,800 €.
The yield is 5.2%.
The property is fully let. The tenant is a German discount supermarket chain Netto with over 4100 stores in Germany.
The lease agreement is valid until 2031 with extension options of 3x5 years.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 3.5%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
The supermarket is located in a small town in Bavaria region. It is located right in the residential area being the only supermarket within walking distance reach for its local residents. Therefore this asset has an inherent investment attractiveness. Distance to Munich — 100 km.
Munich is the capital and most populous city of Bavaria, the second most populous German federal state. It is the third-largest city in Germany, after Berlin and Hamburg.
Bavaria has one of the largest economies of any region in Germany, and in Europe.