It is a supermarket situated in town in northern Bavaria.
Description
The one-storey building with a total area of 1,589 m² was constructed in 2006.
The plot of 5,945 m².
The property is in good condition, there was a major reconstruction in 2015 of the owner's expense. New aluminium facades were installed during reconstruction and there were some changes to layout of inner space.
There is a parking for 66 cars.
Supermarket is fully out leased to several tenants.
Advantages
A supermarket is conveniently located and is the only vendor in the nearby area.
Financial performance
Absolute income is 214,000 €.
The current yield of 8,9%.
Tenants
New lease agreements were signed with all tenants after the renovation in 2015.
The anchor tenant is NORMA Lebensmittelhandels Stiftung & Co. KG, a major grocery retail chain with more than 1,300 branches in Europe.
The lease agreement is signed for 10 years until 2025.
The second anchor tenant is a bakery Backhaus Kutzer.
The lease agreement is signed for 10 years until 2025.
The remaining tenants is a butcher shop Metzger Dannhorn and Fressnapf, which sells pet products.
The lease agreements are signed for 5 years and 3 years respectively, agreement with Fressnapf has extension option.
