Supermarket NORMA + Residential Area in Bavaria for Sale, Lease Agreement Ends 2036
Property type: supermarket
Purchase of established rental business
Location: the state of Bavaria, Germany
• property is located in a town with a population of about 27,000
Building size: ca. 2,500 m2
• retail area: ca. 1,200 m2
• residential area: ca. 1,300 m2
Land area: ca. 2,700 m2
Anchor tenant: NORMA (supermarket chain)
Other tenants: residential area
Occupancy:
• retail area: 83%
• residential area: 8%
Vacant commercial space:
• retail area: ca. 200 m2
• residential area: ca. 1,200 m2
Lease Agreement: until 2036 (+ renewal options)
Possibility of renewal: YES
Rent Review: YES
Purchase price: 6,500,000 EUR
(+ closing costs)
Net Rental Income: 270,000 EUR per annum (+ indexation linked to inflation)
• Income (Norma): 246,000 EUR per annum (92%)
• Income (residential area): 24,000 EUR per annum (8%)
Net Yield: 4.2%
Extra opportunities:
There is a possibility to increase yield in case of renting out vacant commercial space.
