Supermarket in Bavaria

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Supermarket in Bavaria

2,400,000 €
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Total area: 1,589 m² Yield: 8.9% Built in 2002
  • Absolute return: 214,000 €
  • Land area: 5,945 m²
  • 1-floor building
  • Percentage of the rented area: 100%
  • Minimum owner's capital: 1,200,000 €
  • Number of parking lots: 66
  • Most recent total renovation: 2015

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.

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Sofiya Bulanova
Sofiya Bulanova
Real Estate Expert Tranio in Bavaria
+44 20 3608 1267
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