It is a new supermarket in one of the towns near Bad Kreuznach in Rhineland-Palatinate. Population more than 40,000.
Description
The new supermarket area of 1,496 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 188,599 €.
The current yield of 6,7%.
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 €.
