Shopping Centre LIDL in the State of Bavaria for Sale, WAULT = 5.4 Years
Property type: shopping centre
Purchase of established rental business
Location: the state of Bavaria, Germany
• property is located in a town with a population over 45,000
• the immediate vicinity of the federal highway
Construction year: 2008
Lettable area: ca. 2,600 m2
Land area: ca. 12,000 m2
Car parking facilities: 170+ parking spaces
Anchor tenant: LIDL (supermarket chain)
Other tenants: pharmacy, hair salon and beverage store
Occupancy: ca. 89%
Vacant commercial space: ca. 300 m2
Lease Agreement with anchor tenant (LIDL): until 2035 (+ renewal options 5x3 years)
Weighted Average Unexpired Lease Term (WAULT): ca. 5.4 years
Possibility of renewal: YES
Rent Review: YES
Purchase price: 4,960,000 EUR
(+ closing costs)
Net Rental Income: 254,200 EUR per annum
(+ indexation linked to inflation)
Net Yield: 5.1%
Extra opportunities:
There is a possibility to increase yield in case of renting out vacant commercial space.
