Retail

Retail park in Braunschweig with strong anchor tenants Aldi and Lidl

Varrentrappstraße 2-14 Braunschweig, Niedersachsen Germany 38114
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

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Attributes

Building Area
Total Parking Space
Occupancy 99.8 %
Wault 4.3

Property Description

Braunschweig Retail Park is occupied by 22 tenants, with several national and international retailers

active in the food retail, furniture and DIY sectors and complemented by a number of specialised

shops. The commercial center is occupied by two international grocery retailers (Lidl and Aldi discount supermarkets), tedox, Fressnapf, Staples, Dänisches Bettenlager and various smaller offices and retailers.

Investment Highlights

  • located in Braunschweig, Western Germany, which is the second largest city in Lower Saxony
  • established and well-suited retail location with above average centrality, strong visibility and ease of access and limited competition
  • anchor tenants include Lidl and Aldi, the leading grocery brands in Germany, tedox and Staples
  • WAULT calculated from September 2020 to first break option of 4.4 years for the top 5 tenants securing 69 % of rental income
  • strongly diversified tenant profile with focus on daily needs, essential services and gastronomy accounting for approximately 40 % of rental income
Last Updated Date: 09 Sep 2020
Sabine Keulertz
Sabine Keulertz
Senior Team Leader Central Retail Investment Germany
Markus Ritt
Markus Ritt
Director

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+35316526587
Last Updated Date: 09 Sep 2020

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