Supermarket in Amarante.
Description
The total area of the supermarket is 1,553 m².
Transaction type: Asset Deal.
The annual income is 209,493 €.
The current yield is 6%.
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 3 years (until April 30, 2023).
Amarante is a Portuguese city belonging to the District of Porto, with about 54,000 inhabitants and with a population density per square kilometer of 200 people. The distance to Porto is about 60 km.
Some major brands are currently operating nearby, including a Mini Preço, Intermarché and one Continente.