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ID 101372
Investment project 3359 m2
Germany
New-build Gas Station in Germany
Property Description:
- Land Area: 3,359 sqm
- Leased Area: 100%
- Lease Start: 1st quarter of 2019
- Tenant: JET Tankstellen Deutschland GmbH
- Annual Rent: €50,400
- Lease Term: 12 years + options for 7x2.5
- Net Yield: 5.5%
- Price: €920,000
- Commission: 5.95% + VAT
Location:
- Kaiserlautern is an industrial and university city in the southern part of Rhineland-Palatinate, Germany.
- It is the fifth-largest city in Rhineland-Palatinate with a population of over 100,000 residents.
- The property is situated on the access road to the new industrial park "Pariser Straße - Kaisersstraße."
- The street sees daily traffic of approximately 19,000 cars.
- The distance from the property to the central station of Kaiserlautern is 2 km.
Development:
- The construction application was submitted in early March 2018, and the building permit was granted on June 25, 2018.
- The division of the land, as part of a simplified distribution procedure, is nearing completion.
- The property will be handed over to JET, approximately by the end of October 2018, and the construction of the gas station will commence shortly after.
- The construction period is expected to last around 3 months.
Lease Details:
- JET Tankstellen Deutschland GmbH covers all operational and ancillary costs related to the gas station's usage, as well as insurance premiums and property taxes.
- The landlord is not responsible for management-related tasks, such as additional cost adjustments, etc., ensuring that the rental amount remains fixed.
- At the end of the lease term, the tenant is responsible for cleaning the property from any contamination resulting from the gas station's operations and returning the land to the landlord.
- JET Tankstellen Deutschland GmbH is a subsidiary of Phillips 66, one of the world's largest privately-held energy companies.
- Phillips 66 is based in Houston, Texas, and operates in various countries with 10,000 gas stations and 14,000 employees worldwide.
- Under the brand name "JET," the company serviced approximately 800 gas stations in Germany alone in 2016, generating a turnover of around €7 billion.
- JET has the advantage of offering fuel at a lower price compared to other gas station brands.
Don't miss this opportunity to invest in a new-build gas station in Kaiserlautern, Germany. Contact us today for more information or to schedule a viewing.
Property Description:
- Land Area: 3,359 sqm
- Leased Area: 100%
- Lease Start: 1st quarter of 2019
- Tenant: JET Tankstellen Deutschland GmbH
- Annual Rent: €50,400
- Lease Term: 12 years + options for 7x2.5
- Net Yield: 5.5%
- Price: €920,000
- Commission: 5.95% + VAT
Location:
- Kaiserlautern is an industrial and university city in the southern part of Rhineland-Palatinate, Germany.
- It is the fifth-largest city in Rhineland-Palatinate with a population of over 100,000 residents.
- The property is situated on the access road to the new industrial park "Pariser Straße - Kaisersstraße."
- The street sees daily traffic of approximately 19,000 cars.
- The distance from the property to the central station of Kaiserlautern is 2 km.
Development:
- The construction application was submitted in early March 2018, and the building permit was granted on June 25, 2018.
- The division of the land, as part of a simplified distribution procedure, is nearing completion.
- The property will be handed over to JET, approximately by the end of October 2018, and the construction of the gas station will commence shortly after.
- The construction period is expected to last around 3 months.
Lease Details:
- JET Tankstellen Deutschland GmbH covers all operational and ancillary costs related to the gas station's usage, as well as insurance premiums and property taxes.
- The landlord is not responsible for management-related tasks, such as additional cost adjustments, etc., ensuring that the rental amount remains fixed.
- At the end of the lease term, the tenant is responsible for cleaning the property from any contamination resulting from the gas station's operations and returning the land to the landlord.
- JET Tankstellen Deutschland GmbH is a subsidiary of Phillips 66, one of the world's largest privately-held energy companies.
- Phillips 66 is based in Houston, Texas, and operates in various countries with 10,000 gas stations and 14,000 employees worldwide.
- Under the brand name "JET," the company serviced approximately 800 gas stations in Germany alone in 2016, generating a turnover of around €7 billion.
- JET has the advantage of offering fuel at a lower price compared to other gas station brands.
Don't miss this opportunity to invest in a new-build gas station in Kaiserlautern, Germany. Contact us today for more information or to schedule a viewing.
Characteristics
Square
3359 m2
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