It is a complex of two buildings in one of the suburbs of Kassel. Description
The total area is 1,465 m², of which:
- 1,195 m² — supermarket;
- 270 m² — fast food restaurant.
The plot of 6,500 m².
There will be 90 parking spaces in front of the compex.
Completion is scheduled for November 2017.
The property is already fully leased out.
Absolute income is 241,693 €.
The current yield of 6,4%.
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 other tenant is Burger King, on of the largest fast foor chains in the world.
Burger King has more than 34,000 employees and its annual turnover exceeds $4 billion.
Both lease agreements are signed for 15 years starting from the date of commission.
Notary fee of 1,5%.
RE purchase tax of 6%.
The broker's fee of 5,95%.
The propety will be the only grocery store in the area.
There is a gas station across the street and major industrial enterprise nearby.