Gas station with a well-known chain tenant and long-term lease agreement.
Description
The gas station is located on the highway and occupies a land plot of 3,600 m².
The annual income is 306,000 €.
The yield is 7.1%.
The property is fully let. The tenant is one of the largest companies in the European retail market for providing fuel materials.
The lease agreement is valid for 10 years with extension options 2x5 years.
The tenant is responsible for all operating costs.
The property is located in the federal state of Baden-Württemberg, in a town with a population of about 40,000 inhabitants. The distance to Stuttgart is 25 km.
Baden-Wurttemberg is a land in the south-west of Germany, on the border with France and Switzerland. The region has a developed economy and represents a local industry hub for advanced technology and scientific research.