It is a new supermarket in one of the towns near Stolberg in Saxony.
The new supermarket area of 1,542 m² was built in 2015.
The object is fully leased to NETTO, the one of the largest retail companies in Germany.
The project of the property was created specifically for NETTO.
Absolute income is 184,114 €.
The current yield of 7,7%.
Tenant is a major retail company NETTO.
The lease agreement is signed for 15 years until 2030.
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 €.