It is a supermarket in a small town in northern Bavaria near Bayreuth.
The one-storey building with a total area of 1,493 m² was constructed in 2000.
The plot of 4,904 m².
There is a parking for 70 cars.
The property is fully leased out to several tenants.
Absolute income is 143,851 €.
The current yield of 6%.
IRR of 8,5%.
The property is leased to several tenants.
The anchor tenant is Edeka Grundstücksgesellschaft Nordbayern-Sachsen-Thüringen mbH, brand of Edeka Group.
Edeka Group is the largest grocery retail 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 singed for 20 years until 2020, there is an extension options for 2x5 years.
- Agrimarkt eK, the lease agreement is singed for 10 years until 2018;
- Säugling Solar GmbH & Co. KG, the lease agreement is signed for 20 years until 2027, there is an extension option fro 1x5 years.