Brand new supermarket in Rhineland-Palatinate

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Brand new supermarket in Rhineland-Palatinate

2,865,000 €
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Total area: 1,468 m² Yield: 6.6%
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Features
  • Operating Incomе: 190,754 €
  • Occupancy: 100%
  • Street retail

It is a new supermarket in one of the towns near Frankenthal in Rhineland-Palatinate.

Description

The new supermarket area of 1,468 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 190,754 €.

The current yield of 6,6%.

Tenants

Tenant is a major retail company NETTO.

The lease agreement is signed for 15 years until 2031.

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 €.

More properties

If this property wasn’t for you, take a look at other supermarkets for sale in Germany.

You can see more supermarkets for sale in Rhineland-Palatinate elsewhere on our website.

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Sofia Bulanova
Sofia Bulanova
Investment Consultant
+44 20 3608 1267
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    • Bank financing from 1.5% annually
    • Construction site audits
    • Management company services