We are delighted to announce the acquisition of a @Tesco in Stoke-on-Trent, Staffordshire, for £34.7 million / 7.5% NIY.
The 55k sq.ft. net sales area store ticks all the boxes of SUPR’s investment strategy:
✅ Long history of strong trading performance
✅ Let to the UK’s number 1 grocery operator for 11 years
✅ Omnichannel with 5 home delivery vans and Click & Collect facility
✅ Annual inflation linked uplifts
The acquisition has been funded through drawdown of our existing revolving credit facility and the attractive 7.5% NIY means that the acquisition is accretive to earnings vs the incremental cost of debt.
Find out more about SUPR’s portfolio and omnichannel strategy: https://supermarketincomereit.com/
