The Palomar Team continues to grow their presence within the NNN market. The team facilitated the sale of a Single Tenant NNN Steak ‘N Shake in Augusta, GA. The Steak ‘N Shake was a premier location for the fast food chain boasting some of the top sales in the state. Steak ‘N Shake was a franchise store with a new 20 year lease. The Team negotiated a sale leaseback with the Seller and Buyer.  The Buyer purchased the asset as part of a 1031 exchange.

 

PROPERTY HIGHLIGHTS:

• Strong Franchisee
• Premier location in Augusta, GA just off I-20
• One of the strongest performing stores in GA
• New 20 year lease
• Rental increases throughout term