GERMANY | Supermarket NETTO

1 900 000 €

NW-ID 6098
ROI - 7.14%
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LOCATION

Ruhla is a town in Thuringia, Germany. It is situated at an altitude of 440-530 metres on the north side of the Thuringian Forest on the Rhenstein. It is part of the Wartburg district. The population is 6485. The area is 38.51 km². The city is subdivided into 3 urban districts. In the 19th and 20th centuries, watchmaking was of great importance to the city. Nowadays, tourism plays a major role.

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Property description

Anchor tenant - Netto supermarket chain, lease agreement until 2040, non-cancellable until 27.05.2029. Netto supermarket chain was established in 1983. The first supermarket was opened in Bavaria. The chain started actively growing in the 1990s, and in 2005 the Edeka brand was added to the chain. Netto is considered the largest food discounter in Germany. Netto's net profit increases every year. Brokerage commission 6% excl VAT.