The Opportunity in a Nutshell -Tier tenant- PINGO DOCE -JERONIMO MARTINS, the largest Food Distribution Group in Portugal (Pingo Doce and Recheio brands) and Poland (Bierdronka) -Contrat: until 2032 -Current monthly rent: 23,000.00€ -Triple net basis -Rent automatically updated on official CPI -Possibility of benefiting from current financing structure matches the break-up clause and includes a sizeable balloon payment
The promoters seek to sell the unit for €4.6m (6.0% yield)
The Opportunity in a Nutshell -Tier tenant- PINGO DOCE -JERONIMO MARTINS, the largest Food Distribution Group in Portugal (Pingo Doce and Recheio brands) and Poland (Bierdronka) -Contrat: until 2032 -Current monthly rent: 23,000.00€ -Triple net basis -Rent automatically updated on official CPI -Possibility of benefiting fr...