This property has sold.
Details: Retail
Asking Price: $2,050,000
Asking Cap Rate: 6.83%
NOI: $140,000
Lease Structure: Absolute NNN
4025 Wheeler Rd, 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.
This property has sold.