Supermarket with a well-known retail chain tenant.
Description
The total area of the supermarket is 5,137 m².
Transaction type: Asset Deal.
Financial performance
The annual income is 555,310 €.
The current yield is 5.2%.
Tenants
The tenant is a well-known European retail chain of grocery supermarkets and restaurants, with more than 400 stores throughout Portugal.
The lease agreement is valid for 6 years (until April 30, 2027).
Location and nearby infrastructure
The Odivelas municipality’s, with 160 thousand inhabitants, is the second city in Portugal with the highest population density per square kilometer (6,000 people per square kilometer).
Some major brands are currently operating nearby, namely a Lidl and a Mini Preço.
