It is a store in a small town in northern Bavaria.
Description
Single-storey modern building with total area of 1,319 m² was built in 2006.
The plot of 6,038 m².
The property is in good overall condition, the building was extended by 80 m² in 2015.
There is a parking for 85 cars.
The store is fully leased out to a major company.
Absolute income is 116,600 €.
The current yield of 7,2%.
Tenant is NORMA Lebensmittel Handels Stiftung & Co. KG, a major grocery retail chain with more than 1,300 branches in Europe.
NORMA has been renting the building since 2006, but after the extension in 2015 the lease agreement was renegotiated for 10 years until 2025 with extension options 6x3 + 1x2 years.
The store is located in the city center, just 200 meters from the town hall.
It is surrounded by houses, a gymnasium, and a hospital.
The property is the only grocery store in the city.
