Property Detail

High Street Retail, Store ZARA in Northeastern Spain for Sale, Lease Agreement ends 2042

High Street Retail, Store ZARA in Northeastern Spain for Sale, Lease Agreement ends 2042

Property type: clothing store
Purchase of established rental business

Location: Northeastern Spain
• the property is situated in a big city with a population over 650,000 in Northeastern Spain
• the property enjoys prime location in the city centre

Building size: ca. 650 m2

Anchor tenant: ZARA (chain of clothing stores)

Lease Agreement ends: 2042
Possibility of renewal: YES
Rent Review: YES

Purchase price: 5,500,000 EUR
(+ closing costs)

Monthly rent:
1st Year: 17,000 EUR (204,000 EUR / year)
2nd Year: 17,500 EUR
3rd Year: 18,000 EUR
4th Year: 18,500 EUR
(+ indexation linked to inflation)

Yield: 4.0%

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http://www.brantstone.com/property/retail-store-zara-for-sale-in-spain-07022867 07022867 High Street Retail, Store ZARA in Northeastern Spain for Sale, Lease Agreement ends 2042