Land plot with shopping center and restaurant.
Description
Area of the property's land plot is 21,071 m²
Center is provided with parking for 320 cars.
Land plot includes shopping center and fast food restaurant in the detached buildings.
Absolute annual income is 1,175,000 €.
The current yield of 7.1%.
The anchor tenant is furniture store chain. The lease agreement is valid through 09.2028 and has extension options for 3x5 years.
The second tenant is appliance store chain. The lease agreement is valid through 06.2025 and has extension options for 4x5 years.
The third tenant is restaurant chain. The lease agreement is valid through 04.2026 and has extension options for 3x5 years.
Notary fee of 1.5%.
RE purchase tax of 5%.
The broker's fee of 5.95%.
The shopping center situated in the city with population of more than 45 thousand people in the state of Baden-Wurtemberg. The public transport stops located in front of the property, access to the motorway — within 6 kilometres away.
