It is a supermarket with adjacent apartment in Stuttgart.
The total area of the property is 821 m², 737 m² of which occupies the supermarket and 84 m² – the apartment.
The three-story building was constructed in 2004.
There is a supermarket on the ground floor, however, it takes several premises in the basement and on the first floor.
All areas are leased out.
Absolute income is 126,744 €.
The current yield of 6,8%.
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 lease agreement is signed for 14 years until 2018 with extension options for 2x5 and 2x3 years.
The apartment is leased out to a private person in perpetuity.
Notary fee of 1,5%.
RE purchase tax of 5%.
The broker's fee of 4,76%.
Location and nearby objects
The property is located in North-Western Stuttgart.
There is a metro station nearby.