Shopping center with several large tenants.
Description
Shopping center includes:
- supermarket (1,800 m²)
- sports complex (1,800 m²)
- home goods store (900 m²)
- pet shop (900 m²)
- restaurant (170 m²)
Financial performance
The absolute annual income is 575,000 €.
The current yield is 5.1%.
Tenants
Anchor tenants are:
- a large chain of discount stores, with more than 10 thousand stores in 18 countries (mandatory lease agreement is valid until 2029 with a rental fee of 225,000 €/year).
- German retail chain of non-food items with more than 1,400 stores in Europe (lease agreement is valid for 10 years)
- Spanish fitness club chain (lease agreement is valid for 10 years)
- pet shop (lease agreement is valid for 10 years)
At the moment, the last space of 170 m² is intended to be leased to an Italian food restaurant.
Location
There are 300 sunny days a year in Valencia with an average temperature of 19ºС, which makes this province ideal for living all year round.
Valencia has beautiful architecture, developed infrastructure, schools and universities, excellent gastronomy and spacious beaches.
Valencia is also the venue for international events such as the European Formula One Grand Prix or the Valencia Open Tennis 500 Championship.
