PENNY Supermarket

2 400 000 €

NW-ID 6120
ROI - 7.25%
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LOCATION

Kassel is the city in Hessen on Fuld's river. The population of the city is about 196 thousand people. In Kassel there is a headquarters of the WINGAS GmbH company, joint venture of the Russian concern Gazprom and the German Wintershall, the largest distributor of oil and gas in Germany. WINGAS GmbH is engaged in implementation of the projects connected with transportation and sale of natural gas.

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Property description

Anchor tenant PENNY is an internationally active German food discounter chain with branches in Germany and six other European countries, founded in 1973. Penny Markt GmbH has its headquarters in Cologne. Penny has been fully part of the Rewe Group since 1989. Lease agreement until 2048, until 09/30/2033 without the right to terminate. In 2023, the retail space was modernized. The second tenant is a bakery, lease agreement until 2054, until 09/30/2039 without the right to terminate. Brokerage commission 6% excl VAT.