Supermarket NETTO in the State of Bavaria for Sale, Lease Agreement Ends 2030
Property type: supermarket
Purchase of established rental business
Location: the state of Bavaria, Germany
• property is located in a town with a population of more than 2,500
Construction year: 2008
Latest Renovation: 2016
Lettable area: ca. 1,200 m2
Land area: ca. 4,600 m2
Anchor tenant: NETTO (supermarket chain)
Occupancy: 100%
Lease Agreement: until 2030 (+ renewal options 3x5 years)
Possibility of renewal: YES
Rent Review: YES
Purchase price: 2,500,000 EUR
(+ closing costs)
Rental Income: 132,300 EUR per annum
(+ indexation linked to inflation)
Yield: 5.3%