It is a supermarket investment in one of the cities in North Rhine-Westphalia with a population of more than 200,000 people. Description
The total area of a two-storey building is 1,823 m².
The plot of 4,475 m².
The property was constructed in 2015 and now is in excellent condition.
The building is equipped for people with disabilities. It also features central heating.
There are 69 parking spots.
The property is fully leased out to several tenants.
Absolute income is 245,760 €.
The current yield of 6,7%.
The anchor tenant is a retail chain NETTO, owned by EDEKA.
EDEKA has more than 4,000 branches in Germany and more than 70,000 employees. EDEKA is the largest food retailer in Europe and has an annual turnover of more than €11.8 billion.
The lease agreement is signed for 15 years until 2030 with the extension options for 3x5 years.
The other two tenants is Chinese restaurant and butchery shop.
The lease agreements are signed for 10 years until 2025, the agreement with restaurant has extension option for 5 years.
Notary fee of 1,5%.
RE purchase tax of 6,5%.
The broker's fee of 5,95%.