It is a store in suburbs if Ingolstadt, Bavaria.
Description
Single-storey building with total area of 1,607 m² was built in 2008.
The plot of 2,740 m², however land isn't buyable until 2031.
The property is in good overall condition, it features a wide glass storefront and greenery on the roof.
There is a parking for 103 cars.
The store is fully leased out to a major company.
Financial performance
Absolute income is 173,950 €.
The current yield of 7,2%.
Tenants
Tenant is EDEKA Handelsgesellschaft mbH, trademark of EDEKA Group.
Edeka Group is the largest food company in Germany and has more than 4,100 branches.
Edeka Group annual profits exceed € 58 billion and the number of employees exceeds 250,000.
The lease agreement was signed in 2008, there extension options for 3x5 years.
