It is a supermarket being built in one of the towns in in the north of Saxony.
This new supermarket area of 1,202 m² will be finished in 2015.
Plot of 4,841 m².
The object is already fully leased to NETTO, the one of the largest retail companies in Germany.
Absolute income is 142,076 €.
The current yield of 7,4%.
Tenant is a major retail company NETTO.
The lease agreement is signed for 15 years until 2030 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 broker's fee of 3,57%.
Real Estate Transfer Tax is 3,5%.
Notary fee of 1,5%.