INCOME-PRODUCING COMMERCIAL PREMISES (EROSKI)

Description

Income-producing commercial premises for sale at Calle Conde de Aragón, 18-20, Zaragoza, let to EROSKI. The 783 m² supermarket opened in 1994 and has a long track record at this location. The lease generates a gross annual rent of 96,619 euros and a net annual rent of 91,873 euros, expiring in July 2040 with a mandatory term running until July 2028. Landlord costs are limited to property tax (IBI, 3,248 euros) and insurance (1,498 euros). The tenant has scheduled a refurbishment of the premises in which it will invest 373,000 euros, reinforcing its long-term commitment to the site. The yield stands at 6%. A solid investment with a leading grocery operator.