Note: Profitability: 5.4%

Description

Property No. HP 01.19 Supermarket and beverage store Central western Germany Price: €4,850,000 Annual rent: €262,200 Yield: 5.4% Lease agreement: 15 years + options for 5 x 3 years The supermarket is located in the suburbs of a major city in central western Germany. It is situated on a plot of land approximately 7,000 m² in size. Due to the need for expansion, the trading area and existing building have been extended and modernized. After the expansion and modernization, the leasable area of the supermarket is 1,900 m². The supermarket has more than 80 parking spaces. From January 2020, a new lease agreement with a well-known German chain company will be effective for 15 years, with options for renewal for 5 x 3 years. The rent is €11.50/m² x 1,900 m² = €21,850 per month. Annual rent = €262,200. Photos are not available for publication.