It is a supermarket in Frankfurt.
The supermarket area of 1,500 m² was built in 1980. Plot has area of 4,907 m².
The object is fully leased to NETTO, the one of the largest retail companies in Germany.
There is a parking for 60 places.
Absolute income is 114,000 €.
The current yield of 6%.
Tenant is a major retail company NETTO.
The lease agreement is signed for until 2017.
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 €.