It is a supermarket in one of the cities in Eastern Bavaria.
The total area of a single-storey building is 1,700 m².
The plot of 5,587 m².
Supermarket was built in 2007 and is in excellent condition.
There is a parking for 82 cars.
The property is fully leased out to two major tenants.
Absolute income is 211,434 €.
The current yield of 6,8%.
The first tenant is a grocery chain PENNY Markt, founded in 1973.
The company operates more than 2,200 stores in Germany and its annual turnover exceeds € 10 billion.
The lease agreement is signed for 15 years until 2022 with extension options for 5x3 and 1x2 years.
The second tenant is a textile chain KiK Textilien Markt, which has more than 3,200 branches throughout Europe. The company's annual turnover exceeds € 1,4 billion.
The lease agreement is signed for 15 years until 2022 with extension options for 6x3 and 1x5 years.
Notary fee of 1,5%.
RE purchase tax of 3,5%.
The broker's fee of 4,76%.
Location and nearby objects
The property is situated on a retail thoroughfare, a few kilometers from the city center.
There is a major highway nearby.