Supermarket Income REIT acquires a Tesco omnichannel store in Stoke-on-Trent for £34.7m.
Supermarket Income REIT acquires a Tesco omnichannel supermarket in Stoke-on-Trent for £34.7m, reflecting a net initial yield of 7.5%. The 54,451 sq ft store, built in 1994, supports Tesco's online fulfilment operation and features a petrol filling station on an 8.7 acre site. The store has an 11-year lease term with annual RPI-linked rent reviews and was purchased with funds from the company's revolving credit facility.
March 22, 2024
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