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Parker's Kitchen: Moncks Corner, SC 1105 N US Highway 52 4,920 SF Retail Building Moncks Corner, SC 29461 $7,767,000 ($1,578.66/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Premier Convenience & Gas Tenant
- 30 miles north of downtown Charleston
- Charleston–North Charleston, SC MSA
- 20-Year Sale-Leaseback Offering | Absolute NNN Ground Lease
- Retail & Commercial Corridor
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the absolute NNN Parker’s Kitchen sale-leaseback ground lease situated on 4.12
acres in Moncks Corner, South Carolina—part of the Charleston-North Charleston, SC MSA (Population: 818,656). At
closing, Parker’s Kitchen will execute a new, 20-year absolute NNN ground lease featuring 10% rent increases every 5
years throughout the initial term and in each of the four, 5-year renewal options.
Located approximately 30 miles north of downtown Charleston, Parker’s Kitchen is located at the corner of North U.S.
Highway 52 (29,600 VPD) and SC-402 (7,100 VPD). This 4,920-square-foot convenience store and gas station opened
in August 2019 and is suited to accommodate both passenger vehicles and larger diesel trucks.
acres in Moncks Corner, South Carolina—part of the Charleston-North Charleston, SC MSA (Population: 818,656). At
closing, Parker’s Kitchen will execute a new, 20-year absolute NNN ground lease featuring 10% rent increases every 5
years throughout the initial term and in each of the four, 5-year renewal options.
Located approximately 30 miles north of downtown Charleston, Parker’s Kitchen is located at the corner of North U.S.
Highway 52 (29,600 VPD) and SC-402 (7,100 VPD). This 4,920-square-foot convenience store and gas station opened
in August 2019 and is suited to accommodate both passenger vehicles and larger diesel trucks.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,920 SF
Building Class
C
Year Built
2019
Price
$7,767,000
Price Per SF
$1,578.66
Cap Rate
5.15%
NOI
$400,001
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
4.00 AC
Opportunity Zone
Yes
Frontage
339’ on North U.S. Highway 52
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 123-00-01-003 | Improvements Assessment | $1,904,127 |
| Land Assessment | $1,063,793 | Total Assessment | $2,967,920 |
PROPERTY TAXES
Parcel Number
123-00-01-003
Land Assessment
$1,063,793
Improvements Assessment
$1,904,127
Total Assessment
$2,967,920
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Ty Grenier -
Adam Russ -
Abby Kelly -
Leah Lindell -
Kaitlyn Wolf -
Katie Goldberg -
CBRE
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Parker's Kitchen: Moncks Corner, SC | 1105 N US Highway 52
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