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Commercial Premise Put Into Long-Term Lease

Location  Spain
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $0
Net Profit / Cash Flow  $0
Cash Flow Type  EBITDA
Seller Finance  Not Disclosed
Year Established  2007
Number of Employees  10 - 19
Relocatable  Not Disclosed
Number of Employees  10 - 19
Real Estate  Owned

Commercial premise with an area 1153 Sq.ft, put into long-term lease to the Eroski supermarket, in Palma de Mallorca. The Eroski supermarkets located throughout the island of Mallorca. They offer an excellent selection of fresh meat and fish, along with all other necessities. Eroski is one of the leaders of the Spanish retail market. Based on how often the mark on the Spanish streets, one could say that this is one of the largest national networks. Its history began in 1969, when two of the cooperative and the buyers decided to create a new entity through the year received its final name. For Spain it is very characteristic, when private entrepreneurs and consumers together to create the trading community. Now the Corporation, which began with 8 300 pachikov, has more than 335 000 shareholders. Supermarket Eroski has 1581 points of sales in the food sector, these include: 1467 supermarkets, 95 hypermarkets and 19 stores ''Cash and Carry''. The third part of the supermarket franchise. Eroski has a leading position in the area of food retail in core markets: the Basque Country, Navarra, Galicia, Catalonia and the Balearic Islands. Palma de Mallorca is the major city and port of the Spanish Autonomous community of the Balearic Islands. Located in Palma Bay, Mallorca width of 20 km and a length of 25 km of a Major tourist centre. Investment in supermarkets in Spain is one of the most reliable ways of investing. The lease contracts with the supermarkets are among the most profitable on the rental market and can bring the wearer from 6 to 9 % per annum. The contract was extended from 17 January 2011 to 17 January 2026. Rent is 10 024 euros per month, 120 291 euros per year. The auction is possible. Cost object 1 900 000 euros. Documents are ready to deal. Additional information is available upon request.

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