Supermarket with a well-known retail chain tenant and a long-term lease agreement.
The total area of the supermarket is 4,828 m².
Absolute annual income is 344,400 €.
The current yield is 5.5%.
The tenant is a large European supermarket chain with more than 1,500 stores throughout Spain.
The lease agreement is valid for 40 years starting from 2008.
Tenerife is the largest island in the archipelago of the seven Canary Islands in the Atlantic Ocean. Like all Canary Islands, Tenerife has a volcanic origin, its highest point is the Teide volcano. The population of the island is more than 900 thousand people.
All year round there are a lot of festivals, carnivals, shows and bright holidays. You can visit a number of theme parks: Loro, Sky Park, Jungle Park, Costa Adeje Water Park or the Piramides de Guimar Ethnographic Park.
The island's economy is based on tourism, the service sector has received maximum development – its share is 78.08% of the total economic potential.