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Net-Leased Freestanding Hypermarket

63%

€9.700.000

Retail

#11723

Core

28 Feb 2024

Property Details

Broker

For sale

5,311 m²

Leasable area

1,826 €/m²

1

Freehold

X

Fees

1.50 %

0.50 %

1.00 %

0.50 %

0.50 %

Investment Overview

Freestanding, single-tenant, ±5,300-sq.m retail building siting on a 21,600 sq.m lot and fully leased to one of the largest food retailers in Portugal. The property features excellent visibility at the signalized intersection, with a combined average daily traffic count of more than 33,000 vehicles. Additionally, a bus stop is located directly in front of the building. The property is leased until 2036 without break option for tenant. Annual rent € 471,937. The lease is corporately guaranteed by the tenant which holds a AAA credit rating. The property is located in the western part of Portugal and will be sold as an asset deal.