Prime Food Store Acquisition

Prime Food Store Acquisition

1 February, 2022
Fawcett Mead are delighted to have advised a US based investor on the acquisition of the Tesco Superstore in Littlehampton for £52.75m.
Prime Food Store Acquisition

The 75,000 sq ft property comprises a dominant food store with surface car park and on-site petrol filling station and is let to Tesco Stores Limited on a 25 year lease, expiring in 2036.

Jonathan Mills commented: “We are pleased to have acquired this long income, index linked food store on behalf of our clients. The market for such assets remains fiercely competitive and we were pleased to secure Littlehampton on an off market basis from an institutional vendor.”

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