The Bell defines B towns as having 250,000–600,000 residents, C towns 200,000–250,000 and D towns 100,000 or more. For the fourth quarter of 2024, it reports prime yields of 3.45–3.95% in Germany’s top seven cities and 4.75–4.9% for selected new local supermarkets.
The Bell also describes village and town supermarket properties from 5,000 residents, yields from 5%, lease terms of 15 years and three five-year renewal options. Gordon Group’s English site says newly built, long-term leased supermarkets in B, C and D towns can play a strategic, sometimes near-monopolistic role.
Sources: The Bell, 2024, Gordon Group, English-language site.