New supermarket with a long-term lease agreement in the federal state of Hessen.
Description
Leasable area is about 1,100 m².
Plot area — 4,300 m².
There is a parking for 50 cars.
The annual income is 130,000 €.
The yield is 5%.
The property is fully let. The tenant is a well-known German supermarket chain with several thousand grocery stores in Germany.
The lease agreement is concluded till 2032 with 3x5 years extension options.
Notary (state registration) is 1.5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 5% + VAT 19% (total 5.95%).
The property is located in the federal state of Hessen, directly on a highway, about 1 km from the town center. The population of the town is about 3,000 people.
- Frankfurt am Mein — 45 km
- Darmstadt — 20 km
Hessen is a state in the west-central part of Germany. Hesse is bounded by the states of Lower Saxony to the north, Thuringia to the east, Bavaria to the southeast, Baden-Württemberg to the south, Rhineland-Palatinate to the west, and North Rhine–Westphalia to the northwest. Its capital is Wiesbaden.
