The site comprises a 68,000 sq ft net sales area Tesco Extra with a 12-pump petrol filling station, 654 parking spaces and purpose-built online fulfilment distribution docks, supporting Tesco's online grocery business across the region. It is being acquired with an unexpired lease term of 16 years with annual, upward-only, RPI-linked rent reviews (subject to a 5% cap and 0% floor). READ ALSO : Supermarket Income REIT buys Waitrose portfolio for £74.1m The company has also arranged a new revolving credit facility (RCF) of £60.0 million with Wells Fargo. This secured, interest-only, RCF has an initial five-year term and two further one-year extension options. Once drawn, the RCF has a margin of 2.0% above 3-month Libor which is currently equivalent to a total cost of c.2.1%. The RCF also includes a £100 million uncommitted accordion option, exercisable at any time over the term of the facility.