It is a shopping mall in a town east from Stuttgart with a population of more than 5,000 people. Description
The total area of a single-storey building is 2,001 m².
The plot of 3,650 m².
The mall was constructed and commissioned in 2013 and now is in excellent condition.
There is a parking and garage for 150 cars in total.
The property is fully leased out to several tenants.
Absolute income is 294,432 €.
The current yield of 6%.
The anchor tenant is grocery chain Lidl.
Lidl was founded in 1930 and currently has more than 10,000 branches in 28 European countries. The company's staff counts more than 300,000 employees and annual revenue exceeds €60 billion.
The lease agreement is valid until 2026.
The lease agreements with other tenants are valid until 2023 with extension options for up to 3x5 years.
Notary fee of 1,5%.
RE purchase tax of 5%.
Broker's fee of 3,57%.
The cost of ownership
The property is situated in the center near the town hall.