It is a brand new supermarket investments in one of the towns north of Stuttgart. Description
The total area of the property is 1,137 m².
The plot of 5,400 m².
The supermarket is scheduled for completion in November 2016.
There is a parking for 60 cars.
The property is fully leased out to a major tenant.
Absolute income is 154,177 €.
The current yield of 6,6%.
The anchor tenant is Netto, a subsidiary of Edeka Group, founded in 1984.
Netto has more than 4,000 branches throughout Germany, its staff exceeds 70,000 employees. Company's annual turnover exceeds €11 billion.
The lease agreement is signed for 15 years until 2031 with extension options for 3x5 years.
Notary fee of 1,5%.
RE purchase tax of 5%.
The broker's fee of 5,95%.