W.P. Carey announced the sale-leaseback of 123 retail stores in Poland. 114 stores were acquired in July, with the remaining nine stores acquired in September. The portfolio is triple-net leased to Zabka, the leading Polish convenience retailer, for a term of 20 years.
Founded in 1998, Zabka is Poland’s leading modern convenience player. It has more than 10,500 stores located throughout the country, with approximately 3 million customers shopping at its stores daily.
The portfolio consists of high-performing stores and is located throughout Poland in urban, high-traffic locations. The portfolio is triple-net leased for a term of 20 years with annual CPI-based rent increases.
“We are thrilled to complete this sale-leaseback of a high-quality convenience store portfolio leased to a leading tenant with strong brand recognition,” said Jolette Persson, vice president at W. P. Carey.
