A new supermarket with a long-term lease agreement.
Description
The total area of the property is 1,139 m².
The retail spaces occupies 800 m².
There is a parking for 60 cars in the territory of the building.
The construction will begin in the summer of 2018 and will be completed in February 2019.
Absolute annual income is 143,514 €.
The current yield of 6,0%.
The tenant is a large supermarket chain, one of the top three discounters in Germany, which has more than 4,000 branches. The annual turnover of the company exceeds 12 billion euros.
The lease agreement is concluded for 15 years and includes extension options for 3x5 years.
The contract provides indexation of the rent every 3 years.
Notary (state registration) is 1.5–2%.
Acquisition tax is 5.0%.
The broker's fee of 4%.
Baden-Württemberg is a region with a developed economy. The offices of many world-famous companies such as Audi Sport GmbH, Daimler AG, IBM, etc are situated here. In the region, there is the one of the lowest unemployment rates in Germany. Also Baden-Württemberg is characterized as the most innovative region of the European Union.
The property is located in the administrative district of Karlsruhe in a historic town with a population of more than 5,000 people. The town is situated in the middle between Karlsruhe and Pforzheim, which form a major economic hub. The town is connected with Karlsruhe and Bad Herrenalb by the railway.
The distance to major cities:
- Karlsruhe — about 25 km
- Pforzheim — about 23 km
- Stuttgart — about 75 km
