Note: Yield: 5.4%. Lease agreement: 15 years + option for 5 x 3 years. Property completion: September 10, 2020.

Description

The project is being implemented near a major city in central eastern Germany, on a plot of land approximately 6,000 m² in size. The project will start in early 2020, with a completion period of 9 months. A lease agreement has already been signed with a well-known German chain company for 15 years, with an option to extend for 5 x 3 years. The annual rent is €130,032. The lease begins upon completion of the property. The building’s rental area is 1,050 m², and the store has 69 parking spaces.