Supermarket Income REIT has bought a Tesco Extra supermarket in Scunthorpe, Lincolnshire, from Legal & General Pensions for £53m.
The 98,000 sq ft store has a net initial yield of 5.1% and was developed in 2002.
It is has an unexpired lease term of 22 years with upward-only, RPI-linked rent reviews.
The 8-acre site is next to the Lincolnshire Lakes development, which consists of more than 6,000 new homes.
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