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Property Details

A neighborhood retail facility with a food supermarket as core tenant, located in a densely-populated area

Summary of the Property
Address  3-26-4, Shimura, Itabashi-ku, Tokyo
Lot Area  5,898.17㎡
Floor Area  16,918.35㎡
Acquisition Price  4,430 million yen
Completion Date  2000/11/17
Acquisition Date  2011/1/18
Summary of the Tenant
Tenant name  Summit Inc.
Overview of lease contract  20 years
Lease maturity Date  Nov. 20, 2020
Annual rent (Note 1) 312 million yen
occupancy rate  100.0%
(Note 1) Annual rent is based on the lease contract and rounded to the million.

Characteristics of the Property

Shimura Shopping Center is a neighborhood retail facility with Summit Store, a food supermarket, as core tenant and specialty store line-ups such as Kojima, an electronics retail store, and Toys "Я" Us. The property is located in a densely populated residential area of approximately 49,000 within a 1km radius and 416,000 within a 3km radius, enjoying sufficient market volume. The property is located in one-minute walking distance from Shimura Sanchome station of Toei Mita Line. Facing Kampachi Road, it is also easily accessible by car.

Location/Access


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(million yen)
  11th FP 12th FP 13th FP 14th FP 15th FP
Operating revenue - - - 140 155
Expenses related to rent - - - 45 46
Net total(A) - - - 95 108
Depreciation(B) - - - 41 41
NOI (A＋B) - - - 137 150
Capex - - - - -
NCF - - - 137 150

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