TIME:Commercial Freehold secured an exclusive off market purchase of this newly constructed freehold property comprising two purpose built retail warehouse units and a separate drive-thru McDonalds, with a shared car park containing 213 spaces. The property is part of a larger retail development, Capitol Park.
The property is let to Aldi, B&M and McDonalds on new Full Repairing and Insuring leases for a weighted average of 19 years with no breaks. The rent is reviewed every five years with the vast majority linked to RPI.All three tenants have a Dun & Bradstreet credit rating of 5A1, which they define as a ‘minimum risk of business failure’.
- Aldi is the UK’s 6th largest supermarket and has more than doubled its UK market share since 2010.
- McDonalds is the most well-known fast food and Drive-thru restaurant operator in the UK with over 1,200 restaurants.
- B&M is one of the leading discount retailers in the UK with over 20,000 employees in over 450 stores nationwide.
Thorne Retail Park is located less than a mile from Thorne town centre, eight miles north of Doncaster which has a population of over 300,000. The park benefits from excellent transport connections; it is located just off junction 6 of the M18 motorway which links with the A1(M) and the M62. Robin Hood International Airport is around 12 miles away and Thorne North railway station is a 10 minute walk.