It is a new supermarket in one of the towns near Braunschweig in Lower Saxony.
The new supermarket area of 1,500 m² has been completed in 2016.
The object is aldready 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 196,380 €.
The current yield of 6,6%.
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 €.