Lidl in Lucena was sold for €1.75M

Lidl in Lucena was sold for €1.75M

Photo Collected From Bidx1

The supermarket is located at number 41 Carretera de Cabra within this Spanish municipality, with a built area of 1158 sqm, within a 5175 sqm terrain. This asset offers a total of 107 parking spots to its clients.

It is currently occupied by supermarket chain Lidl and it will remain so at least until 2041 when the leasing contract is over. The new owner can count on this asset’s 167.614 thousand euro annual rent and with an initial yield of 9%, revealed the description on Bidx1, the online platform where the transaction took place in mid-June.

This operation was conducted during the pandemic, on one of the more resilient retail segments. It was also during the second quarter that Mercadona closed the sale of 27 supermarkets for 180 million euro to LCN Capital Partners.

Iberian Property logoIberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!