Brand new supermarket in Bavaria

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Brand new supermarket in Bavaria

2,315,000 €
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Total area: 1,590 m² Yield: 7.6% Built in 2016
  • Absolute return: 177,972 €
  • Percentage of the rented area: 100%

It is a supermarket in outskirts of Wurzburg in Bavaria.

Description

The new supermarket area of 1,590 m² has been completed in 2016.

The object is already fully leased to NETTO, the one of the largest retail companies in Germany.

The project of the property was created specifically for NETTO.

Financial performance

Absolute income is 177,972 €.

The current yield of 7,6%.

Tenants

Tenant is a major retail company NETTO.

The lease agreement is signed for 17 years until 2033.

Facts about NETTO:

  • NETTO is one of the major discount networks in Germany with an annual income of more than 10,000,000,000 €.
  • NETTO belongs to Germany's largest retailer EDEKA Gruppe, which annual revenues exceeding 45,000,000,000 €.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Bavaria
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