It is a shopping mall in a town south-east from Stuttgart with a population of more than 10,000 people. Description
The total area of a single-storey building is 3,364 m².
The plot of 9,600 m².
The mall was constructed and commissioned in 2014 and now is in excellent condition.
There is a parking for 110 cars.
The property is fully leased out to several tenants.
Absolute income is 377,837 €.
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 2024 with extension options for 6x3 and 1x2 years.
The second major tenant is a clothing chain AWG.
AWG was founded in 1969 and has more than 300 branches in Germany. The company's staff count more than 3,500 employees, and annual turnover exceeds €300 million.
The lease agreement is signed until 2026 with extension options for 3x5 years.
The lease agreement with other tenants are valid up to 2024–2026, some with extension options for up to 3x5 years.
Notary fee of 1,5%.
RE purchase tax of 5%.
Broker's fee of 3,57%.