Supermarket with a well-known retail chain tenant and a long-term lease agreement in the Alentejo region.
Description
The property is a one-story commercial building with a total area of 3,910 m².
The building is in very good condition.
The absolute annual income is 230,508 € (VAT not included).
The current yield is 5.9% (before taxes).
The tenant is one of the largest supermarket chains in Portugal with more than 500 stores.
The lease agreement is valid for 20 years (from 2016 to 2036) with the option of renewal every 5 years.
The facility is located in the Alentejo region, in a city with a population of about 10 thousand people.
Alentejo is the largest region of Portugal, it occupies almost a third of the entire country and is located south of Lisbon.
This is one of the most important wine regions of Portugal. Also various types of tourism are actively developing here now: hiking, paragliding and ballooning, karting, surfing, and much more.
