RETAIL INVESTMENT (MERCADONA)

Description

Mercadona supermarket in the Municipality of San Javier (Murcia), within the Molino Plaza retail park. ➢ Urban location at the entrance of the municipality of San Javier, a highly populated area with a significant seasonal and permanent second-home component. ➢ Excellent access via Avda. de la Unión, the main access to the municipality, which connects directly with the AP-7 highway (Autovía del Mediterráneo). ➢ A population of 49,000 inhabitants within a 10-minute radius, and approximately 200,000 annual tourists. ➢ The supermarket features Mercadona's latest store format, having undergone renovation works in March 2019. It also serves as a training center for managers in southeastern Spain. ➢ By contract, it has 200 parking spaces within the retail park. ➢ The retail park underwent a complete image renovation in 2019, becoming more attractive, which led to new openings by operators such as: Pepco, Rossman, Tedi, Intersport, Zeeman, Loop Fitness, among others. Tenant: Mercadona SA GLA: 3,200m² Cadastral Reference: 0358801XG9805G0002RG (887m²) 0358801XG9805G0050FW (3,530m²) 0358801XG9805G1001QS (2,810m²) Parking: 200 spaces Contract Start Date: 22/05/2004 Mandatory Term End Date: 22/05/2025 Contract End Date: 22/05/2048 Annual Rent: 359,316€+VAT (29,943€+VAT/Month) Property Tax (IBI): 20,891€/year (Paid by Owner) Community Fees: 19,748€/year (Paid by Owner) Net Yield: 5.23%