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Supermarket in Tyler with a 6,9% yield

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Supermarket in Tyler with a 6,9% yield

1,100,000 $
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Total area: 1,026 m² Yield: 6.9%
  • Absolute return: 68,258 €
  • Land area: 4,492 m²
  • Built in 2008
  • 1-floor building
  • Renter: 100%
  • Street retail

It is a supermarket for sale in Tyler, Texas. Description

The total area of a single-storey building is 1,026 m².

The plot of 4,492 m².

The restaurant was constructed in 2008 and now is in excellent condition.

The property is fully leased out to two tenants.

Financial performance

Absolute income is 76,012 $.

The current yield of 6,9%.

Tenants

The anchor tenant is apparel supermarket It's Fashion Metro, a subsidiary of Cato Corporation.

Cato Corporation was founded in 1946 and has more than 1,300 branches is the USA. Revenue of the company exceeds $900 million.

The lease agreement is signed until 2019 with extension options for 3x5 years. Each option provides indexation of rental rate by 6–7%.

The second tenant is a service center for smartphones.

The lease agreement was signed in 2015 for 2 years.

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Georgiy Buznik
Georgiy Buznik
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