Chain supermarket in the suburbs of Frankfurt.
Building with a leasable area of more than 2,000 m².
The annual income is 294,000 €.
The yield is 5.1%.
The building is fully let. The tenant is a chain of grocery stores with 300 supermarkets in Germany.
The lease was concluded until 2030 with the extension options 3x5 years.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 4% + VAT 19% (total 4.76%).
The property is located in the suburbs of Frankfurt am Main, in a town of 15,000 inhabitants. Distance to Frankfurt — 20 km.
Frankfurt am Main is the largest city in the land of Hessen and the 5th largest city in Germany. Its population is more than 730,000 people. Frankfurt is the center of commerce, culture, education, tourism and a transport hub. Frankfurt is the 2nd city in Germany and the 48th in the world in terms of the cost of living (Mercer Human Resource Consulting).
There are about 43,000 companies in Frankfurt. The city is the site of many global and European corporations: Nestlé Deutschland, LinkedIn, Kern AG, Lufthansa Consulting. Messe Frankfurt — the 3rd largest international exhibition center in the world, has more than 800-year history. Annually Messe Frankfurt holds more than 100 exhibitions around the world.
Frankfurt International Airport is among the 10 largest in the world, its passenger traffic is more than 54 million people a year.
There are the world's largest educational institutions in Frankfurt, including the world-famous Goethe University with more than 44,000 students.