Retail
Under Contract
CMT0827 - Riyadh Avenues Mall, KSA
Riyadh, Riyadh, SA
Gallery
Asset description
Riyadh Avenues mall is a high-quality mixed-use development consisting of retail and commercial office space. The asset is single-let to Lulu Hypermarket under a NNN unbreakable lease with an unexpired lease term of 20 years. This lease is guaranteed by Lulu’s parent company, EMKE Group.
Attributes
Building area gross
374,584 sf
Year built
2000
Investment highlights
Unique opportunity to acquire a freehold mall, single let to Lulu Hypermarket on a NNN unbreakable lease expiring in 2041
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Last updated
Nov 30, 2022