Supermarket and DIY store with chain tenants in Lower Saxony.
The current rental income is 92,480 €.
The expected rental income is 110,264 €.
The current yield is 7.11%.
The expected yield is 8.48%.
82% of the property is let.
The anchor tenant is a well-known German supermarket chain with several hundred grocery stores in Germany.
The tenancy agreement has been concluded till 2049 (without the right of termination till 31.12.2033).
The second tenant is a chain DIY store with several hundred branches in Germany.
The tenancy agreement has been concluded till April, 2028 without the right of termination with 2x5 years extension options.
A unit of about 500 m² is vacant.
The building is located in Lower Saxony, in a town with a population of about 9,000 inhabitants.
Lower Saxony is situated in northwestern Germany. It is the second largest state and fourth largest in population (7.9 million). Lower Saxony's major cities and economic centres are mainly situated in its central and southern parts.
