It is retail premises in the very heart of Munich.
Total area is 2,874 sq. m.
Property situated in a new building, construction will be ended in 2018.
The supermarket is leased out to two major tenants.
Absolute income is 752,520 €.
The current yield of 4,8%.
Anchor tenant is REWE Group — one of the largest grocery chains in Europe. The annual income of company exceeds more than € 50 billion.
Rented area is 2,000 sq. m., the lease agreement is signed for 15 years with extension options for 3x5 years.
Second tenant presented by DM-Drogerie — the largest german concern of drusg-store chain. In 2013 annual income of company exceeds € 6,4 billion.
Rented area is 874 sq. m., the lease agreement is signed for 10 years with extension options for 2x5 years.
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 4,76%.
Location and nearby objects
Supermarket situated in the centre of Munich — third largest city of Germany with congenial investment climate. There are community amenities in proximity to the property, advanced public transportation.