It is a shopping mall in a town in Upper Franconia with a population of less than 10,000 people. Description
The total area of a single-storey building is 3,529 m².
The plot of 11,679 m².
The mall was constructed and commissioned in 2009 and now is in excellent condition. The building was extended by anchor tenant in 2016.
There is a parking for 147 cars.
The property is fully leased out to several tenants.
Absolute income is 386,916 €.
The current yield of 6%.
The anchor tenant is the grocery chain Norma.
Norma owns more than 1,300 supermarket in central Europe. The annual income is more than €6 billion.
The lease agreement is valid until 2028 with extension options for 6x3 and 1x2 years.
Other major tenants are retail chain dm Drogerie and shoe chain Deichmann.
The lease agreement with dm Drogerie is valid until 2025 with extension options for 4x4 years.
The lease agreement with Deichmann is valid until 2023 with extension options for 3x5 years.
Notary fee of 1,5%.
RE purchase tax of 3,5%.
Broker's fee of 3,57%.
The property is located in the shopping area close to other major tenants.