Supermarket NORMA in Nuremberg for Sale, Lease Agreement Ends 2035
Property type: supermarket
Purchase of established rental business
Location: Nuremberg, the state of Bavaria, Germany
• property is located in Nuremberg with a population of about 500,000
Building size: ca. 1,500 m2
Land size: ca. 4,500 m2
Anchor tenant: NORMA (supermarket chain)
Other tenants: bakery
Occupancy: 100%
Lease Agreement: until 2035 (+ renewal options 6x3 years)
Possibility of renewal: YES
Rent Review: YES
Purchase price: 4,700,000 EUR
(+ closing costs)
Rental Income: 210,000 EUR per annum
(+ indexation linked to inflation)
Yield: 4.5%
