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New supermarket in Thuringen with a 6,6% yield

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New supermarket in Thuringen with a 6,6% yield

3,060,000 €
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Total area: 2,406 m² Yield: 7.4%
  • Absolute return: 228,007 €
  • Built in 2015
  • Renter: 100%
  • Street retail

It is a new supermarket in one of the towns near Weimar in Thuringen.

Description

The new supermarket area of 2,406 m² was built in 2015.

The object is fully leased to various tenants.

Financial performance

Absolute income is 228,007 €.

The current yield of 7,4%.

Tenants

Anchor tenant is a major retail company NETTO.

The lease agreement is signed for 16 years until 2031. The lease agreements with other tenants are signed for 5, 4 and 2 years.

Physiotherapy praxis rents space in perpetuity.

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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Sergey Sharovatov
Sergey Sharovatov
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Thuringen
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