Supermarket with an anchor tenant on the outskirts of Stuttgart.
The current rental income is 451,700 €.
The expected rental income is 471,000 €.
The current yield is 6.95%.
The expected yield is 7.25%.
96% of the property is let. The anchor tenant is a well-known supermarket chain with several thousand grocery stores in Germany.
The lease agreement has been concluded till 2048 (without the right of termination till 2038).
The property is located on the outskirts of Stuttgart, 20 km from the city center.
Stuttgart is the capital of Baden-Württemberg, one of the most important industrial and cultural centers of Germany. More than 630 thousand people live In Stuttgart (the 6th largest city in the country). The city with its agglomeration (5.3 million people) is one of 20 metropolitan areas with the largest percentage of gross domestic product in Europe.
Stuttgart is an important transport hub of Germany with an international airport (capacity of 11.8 million) and a railway station (traffic flow of 220k per day).
