DEALS

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

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