Supermarket MERCADONA in the Province of Alicante for Sale, Lease Agreement Ends 2047
Property type: supermarket
Purchase of established rental business
Location: the Province of Alicante, Spain
Completion date: 2022
Building size: ca. 2,400 m2
Land size: ca. 6,000 m2
Anchor tenant: MERCADONA (supermarket chain)
Lease Agreement ends: 2047
Possibility of renewal: YES
Rent Review: YES
Purchase price: 4,800,000 EUR
(+ closing costs)
Rental Income: 240,000 EUR per annum
(+ indexation linked to inflation)
Yield: 5.0%
Payment terms:
• 50% of purchase price - during 1 year, the rest 50% - with the bank loan at 3.25% per annum.
• 80% of purchase price - during construction, the rest 20% - on completion (2022).
