Deals
CiCi’s Pizza – Augusta, GA
THE OPPORTUNITY
The Palomar Group is pleased to announce the single tenant net leases anchored CiCi’s Pizza property located in Augusta, GA. The absolute NNN Lease has approximately 10 years of term remaining. An investor will benefit from organic growth as a result of the 5% increase in years 6-10 of the primary term and in every subsequent 5 year option. Defferred 2019 rent payments greatly increase an investor’s return in years 1, 2, and 3 of their hold period.
THE DEAL POINTS
- Price: $2,050,000
- Cap Rate: 6.83%
- NOI: $140,000
- Price psf: $512psf
- Lease Expiration: 4/31/2030