Supermarket with a well-known retail chain tenant.
Description
The total area of the supermarket is 1,560 m².
Transaction type: Asset Deal.
The annual income is 118,582 €.
The current yield is 5.7%.
The tenant is a well-known European retail chain of grocery supermarkets and restaurants, with more than 400 stores throughout Portugal.
The lease agreement is valid for 6 years (until April 30, 2024).
Some major brands are currently operating nearby, namely a Continente and a Mini Preço.
Porto is the 2nd largest city in Portugal (after Lisbon), the center of the eponymous district and the municipality. The city is a part of the large metropolitan area the Greater Porto.
The population of the city is more than 240,000 inhabitants, the population of the Greater Porto metropolitan area is more than 2.1 million people.
Porto along with Lisbon is on the List of Global Cities, being considered an important element of the global economic system.
Porto’s city center has been declared by UNESCO a World Cultural Heritage Site.
