It is a supermarket in one of the towns not far from Hanover.
The supermarket area of 6,000 m² was built in 2011.
It is conviniently situated in synergy with other stores.
The object is already fully leased to NETTO, the one of the largest retail companies in Germany.
Absolute income is 149,114 €.
Projected income is 156,140 €.
The current yield of 8,3%.
The projected yield of 8,7%.
Anchor tenant is a major retail company NETTO.
The lease agreement is signed for 15 years until 2026 with an extension options for 3x5 years.
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 €.
The second tenant is a video store.
The lease agreement signed in 2015 for 5 years until 2020 with an extension options for 2x5 years.
Broker's fee of 3,57%.
Real Estate Transfer Tax is 5%.
Notary fee of 1,5%.