Supermarket Income REIT has acquired a Tesco supermarket, an Iceland Foods Warehouse and complementary non-grocery units in Bradley Stoke, Bristol, for a total purchase price of £84.0 million.
The supermarket is a significant online hub for Tesco which operates 20 home delivery vans from the site and has a dedicated Click & Collect facility, serving much of Bristol and the outskirts.
This top trading store is ideally located for both in-person shopping and online fulfilment, with c.128,000 people living within a 15-minute drive and a combined total of c.925,000 within 30 minutes.
The store was regeared in 2021 on a 15 year term with RPI linked uplifts.
Ben Green, Director of Atrato Capital Limited, the Investment Adviser to Supermarket Income REIT plc, said:
“We are very pleased to be adding this top trading omnichannel Tesco store to the portfolio together with the complementary essential retailers at this site.”
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*Capital at risk. This should not be considered investment advice or a recommendation to invest in any particular security, strategy or investment product.