This property has sold.

Details: Retail

Asking Price: $2,050,000

Asking Cap Rate: 6.83%

NOI: $140,000

Lease Structure: Absolute NNN

SOLD – CiCi’s Pizza

4025 Wheeler Rd, Augusta, GA


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.​

This property has sold.