Supermarket with a chain tenant in North Rhine-Westphalia.
The property is fully let. The anchor tenant is a well-known supermarket chain with several thousand grocery stores in Europe.
The lease agreement has been concluded till 2030 without the right of termination with 3x5 years extension options.
The property is located in the federal state of North Rhine-Westphalia, in a town with a population of about 60,000 people.
North Rhine-Westphalia is the land of the Federal Republic of Germany with a population of 17.5 million people (the most populated of the German lands). It ranks 4th in Germany in terms of area.
22% of Germany’s GDP comes from NRW. The main industry in NRW is engineering and equipment manufacturing, biotechnology, chemical industry, and etc.
North Rhine-Westphalia is the center of trade in Germany, because it houses the headquarters of several leading German trading concerns with the largest turnover, for example, Deutsche Telekom AG, ALDI NORD, Die Deutsche Post, Bayer, Lufthansa Group, REWE. DE.
