Supermarket in Neckar-Odenwald, Germany

1,500,000 €
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Total area: 1,060 m² Yield: 8.0% Built in 2010
  • Absolute return: 119,700 €
  • 1-floor building
  • Percentage of the rented area: 100%
  • Number of parking lots: 34
  • Lettable area: 3,570 m²
  • End of lease: 2022
  • Notary (state registration): 2.0%
  • Acquisition tax: 5.0%
  • Broker: 4.8%

It is a supermarket in a town with a population of more than 10,000 people in Northern Baden-Württemberg.

Description

The total area of a single-storey building is 1,060 m².

The plot of 3,570 m².

Supermarket was built in 2010 and now is in excellent condition.

There is a parking for 34 cars.

The property is fully leased out to a major tenant.

Financial performance

Absolute income is 119,700 €.

The current yield of 8%.

Tenants

The tenant is a clothing chain AWG, founded in 1969.

The company has more than 3,500 branches in Germany and its annual turnover exceeds €300 million.

The lease agreement is signed for 12 years until 2022 with extension options for 3x5 and 1x5 years.

Transaction costs

Notary fee is 1,5–2%.

RE purchase tax of 5%.

The broker's fee of 4,76%.

Location and nearby objects

The property is located in the southern part of the town, close to other shops and supermarkets.

There is a regional highway nearby.

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