€895.000
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Drive-Thru Fast Food | 29-year lease
Portugal
86%
Retail
#34144
Core
29 Oct 2024
Property Details
Broker
Sold
2,845 m²
Leasable area
314 €/m²
5.50 %
1
Freehold
X
Fees
Investment Overview
RENTAL INCOME PROPERTY!! Newly constructed, drive thru retail building on a sizable 2,845 sqm lot. The property is leased to a multinational fast food chain for a long term, extending to 2052. The lease benefits from annual rent increases tied to CPI, guaranteeing consistent income growth. Per the lease terms, tenants is responsible for roof, structure, maintenance, equipment and utilities. The property boasts a prime location on a high-traffic intersection with over 65,000 vehicles passing daily.
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