A new supermarket with a long-term lease agreement and a well-known retail chain tenant.
Description
This supermarket has existed since 2008 and has a large number of regular customers. Renovation of the building will give it a more modern appearance and will contribute to the expansion of retail space. Repairs will be completed in the third quarter of 2019.
The absolute annual income is 217,000 €.
The current yield is 5,3%.
The tenant is a large supermarket chain with several thousand stores in Germany. The company's annual turnover exceeds 10 billion euros.
The lease agreement is valid for 15 years.
Notary (state registration) is 1,5 – 2%.
Acquisition tax is 6%.
Brokerage fee is 4% + VAT 19% (total 4,76%).
The property is located in the federal state of North Rhine-Westphalia, in the city with a population over 50,000 people.
The supermarket is located in the area with a high population density. On average, about 3,000 cars drive here every day. There are kindergartens, schools and various public educational institutions nearby, as well as a building with apartments for the elderly.
