Supermarket with a well-known retail chain tenant.
Description
The total area of the supermarket is 1,235 m².
Transaction type: Asset Deal.
The annual income is 162,500 €.
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).
The property is located in a suburb of Porto, about 30 km from the city. The city is an integral part of the municipality of Paredis.
Porto is the 2nd largest city in Portugal (after Lisbon), the center of the eponymous district and the municipality. The city is a part of the large metropolitan area the Greater Porto.
The population of the city is more than 240,000 inhabitants, the population of the Greater Porto metropolitan area is more than 2.1 million people.
Porto along with Lisbon is on the List of Global Cities, being considered an important element of the global economic system.
Porto’s city center has been declared by UNESCO a World Cultural Heritage Site.