Supermarket Income REIT plc announced the acquisition of a Sainsbury's supermarket in Bangor, County Down, Northern Ireland, from John Morgan Estates Limited. Developed in 2011, this prominent 10-acre site comprises a modern44,000 sq ft net sales area supermarket with 650 parking spaces and an 8-pump petrol filling station. The supermarket has been acquired with an unexpired lease term of 15 years with 5-yearly rent reviews subject to 2% fixed annually compounded uplifts. The site occupies a key location on the West Circular Corridor connecting directly to Belfast City and Newtownards. The acquisition includes an adjoining Homebase unit with a net sales area of 33,000 sq ft and an unexpired lease term of 10 years with 5-yearly, open market rent reviews. The total consideration for the site is £24.8 million (excluding acquisition costs) representing a combined net initial yield of 6.6%.