Commercial property in Koblenz, Germany, 10 000 m²

Germany. Koblenz. Shopping center in the city center in the heart of the city. Year built: 2001 Land area: 4,953 sq. m Total leasable area: 4,937 sq. m Parking spaces: 60 Occupancy rate: 100% Rental income: Net rent: €421,239 per year €7.11/sq. m m Average lease term (as of January 1, 2026): 7.3 years Purchase price: €6,500,000 - Above-average purchasing power: 111.8% (as of 2018) - The underground parking garage beneath the building is an attractive location for buyers, as it is connected to the municipal underground parking garage Investment - Lease with the anchor tenant (REWE – Germany's second-largest grocery retailer) until 2031 - REWE has been the tenant since 2001, and in 2021, the lease was extended for a long period, highlighting satisfaction with the location. - As part of the lease extension, REWE is renovating the premises and has subleased approximately 540 sq. m to TEDI. - A doctor's office, a small perfume shop, and an existing fitness center also attract visitors. - Effective January 1, 2026, net rent will be approximately €420,000 due to a negotiated rent increase for the fitness center. - The premises are in good condition, as necessary repairs, such as a roof repair in 2025, have been completed in recent years (there are no deferred repairs). The property is leased according to the tenant list below and offers a current weighted average lease term (WALT) of approximately 7.1 years (as of January 1, 2025): - REWE was founded in Cologne in 1927 - The REWE Group achieved a turnover of €75.3 billion (+20.4%) in 2020 - Approximately 3,600 REWE stores (including franchises) - After EDEKA, the second-largest grocery retailer in Germany - FIT-UP Sportcenter GmbH has been a tenant since 2004 - An additional 590 sq. m was leased in 2018 - A rent increase of at least 10% has been agreed upon in 2026 The building was constructed in 2000 on a plot of 4,953 sq. m. The building's rentable area is 4,937 square meters. The seller is the sole owner of the first and second floors. The underground parking garage beneath the building is not included in the transaction and is owned by the city of Montabaur. The first floor is leased long-term to REWE. REWE renewed its lease in 2021, highlighting its satisfaction with the location. REWE will renovate the store, creating a future retail space of approximately 1,338 square meters, and will sublease the remaining space of approximately 540 square meters to TEDI. The second floor houses a fitness studio, a doctor's office, and a perfume shop. The property is in good condition (the roof was renovated in 2025) and is equipped according to industry standards. The condominium includes a special right to use approximately 60 above-ground parking spaces in front of the building, which are rented out for public use. We will sell your apartment or house. We offer a wide selection of apartments and houses for a variety of budgets, including commercial properties.