You will love this property in Lippstadt, Nordrhein-Westfalen federal land. The property consists of 4 buildings and parking for 215 spaces.
Year built – 2012
Land Area –9,355 m2
Total Area –6,165 m2
Revenue from the rent – €947,468.88 per year
Rate of return – 6.67%
Price – €14,200,000
The main tenants is electronics and home appliances stores chain Media Markt. The area it rents is about 3,350 m2. The lease agreement is signed until 2026 with 4 extension options for 5 years each.
Other tenants are:
Chain stores of fashionable women's, men's and children's clothing TK Maxx. The area it rents is about 2,250 m2. The lease agreement is signed until 2022 with one extension option for 5 years.
Shoes shop: the lease agreement is signed until 2027, with 3 extension options for 5 years each.
The bakery: the lease agreement is signed until 2022 with 2 extension options for 5 years each.
The population of the city is about 68,000 people.
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Do not miss a unique opportunity to have a shopping mall in Germany!
- Type of Property: Shopping center
- Property Type: Secondary market
- Status: New
- Location: Lippstadt, North Rhine-Westphalia, Germany
- Land Area: 9355 m²
- Total Area: 6165 m²
- Sale Price: €14,200,000