FOR SALE: Citi Trends (Augusta, GA MSA)

Colliers is pleased to offer qualified investors the opportunity to acquire a singletenant Citi Trends in the town of Johnston, South Carolina in the Augusta MSA. In January 2024, Citi Trends signed a lease amendment that extended their lease through July 31, 2026. Citi Trends, which was founded in 1958 in Savannah, Georgia is publicly traded on the Nasdaq under the ticker CTRN. In total, Citi Trends has ~600 stores in 33 states and was a top 50 retailer per HTT’s top 50 Retailers report for 2022. The company employs over 5,000 people and their low-cost concept is critical in the current high inflation development.

The subject property benefits from being located within the Augusta MSA, the thirdlargest MSA in Georgia, with a population of +/- 630,000 residents. Johnston benefits from being centrally located to Augusta and Columbia as it sits on major transportation routes such as U.S. 121. The economy has strong agriculture and agribusiness ties as the area produces about 60% of the state of South Carolina’s peaches, of which the state is the second largest producer in the United States.