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New supermarket in Baden-Württemberg with a 6,6% yield

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New supermarket in Baden-Württemberg with a 6,6% yield

2,330,000 €
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Total area: 1,137 m² Yield: 6.6%
  • Absolute return: 154,177 €
  • Land area: 5,400 m²
  • Built in 2016
  • 1-floor building
  • Percentage of the rented area: 100%
  • Number of parking lots: 60
  • Notary (state registration): 1.5%
  • Acquisition tax: 5.0%
  • Broker: 6.0%

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.

Financial performance

Absolute income is 154,177 €.

The current yield of 6,6%.

Tenants

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.

Transaction costs

Notary fee of 1,5%.

RE purchase tax of 5%.

The broker's fee of 5,95%.

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Anna Kurianovich
Anna Kurianovich
Investment Consultant
+44 20 3608 1267
Free advice on real estate in Baden-Wurttemberg
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