Retail Investment Property with 7.2% Net Yield

We offer for sale an investment property located at 3 Satiksmes Street in the Torņakalns district of Riga.

The total area of the commercial premises is 375 sq.m. The property is currently leased to two reliable tenants – a pharmacy and a grocery store – with a valid long-term lease agreement in place until 2030, ensuring stable and predictable rental income. The property currently generates an attractive net yield of approximately 7.2%.

The property is situated in a well-developed and active residential neighborhood, surrounded by multiple multi-apartment residential buildings that generate consistent daily customer flow for the tenants. The area benefits from excellent accessibility, supported by a well-developed public transportation network, making the location convenient for both local residents and visitors.

The building was constructed in 2008 and is in good technical condition. Importantly, there are no other competing grocery stores or pharmacies in the immediate vicinity, which further strengthens the tenants’ business performance and supports the stability of rental income.

The combination of a strong residential catchment area, long-term tenants, and limited local competition makes this property a secure and attractive investment opportunity.