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Parker's Kitchen 140 Jefferson Davis Hwy 5,175 SF Retail Building Aiken, SC 29801 $7,767,000 ($1,500.87/SF) 5.15% Cap Rate
INVESTMENT HIGHLIGHTS
- Premier Convenience & Gas Tenant
- Corner of the Three-Way Signalized Intersection of Jefferson Davis Hwy (24,900 VPD), Robert M Bell Pkwy (10,300 VPD) & Hitchcock Pkwy (18,500 VPD)
- Less Than 2 Miles From Major Traffic Drivers | University of South Carolina Aiken (Enrollment: 4,764) and Aiken Regional Medical Center (273 Beds)
- 20-Year Sale-Leaseback Offering | Absolute NNN Ground Lease
- Strategically Located Adjacent to Sam's Club
- Augusta-Richmond County, GA-SC MSA Advantage (MSA Population: 635,177)
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the absolute NNN Parker’s Kitchen sale-leaseback ground lease situated on 3.25 acres in Aiken, South Carolina—part of the Augusta-Richmond County, GA-SC MSA (MSA Population: 635,177). 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.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,175 SF
Building Class
C
Year Built
2024
Price
$7,767,000
Price Per SF
$1,500.87
Cap Rate
5.15%
NOI
$400,001
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
3.25 AC
Frontage
360’ on Jefferson Davis Highway
NEARBY MAJOR RETAILERS
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Kaitlyn Wolf -
Katie Goldberg -
Adam Russ -
Leah Lindell -
Abby Kelly -
CBRE
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Parker's Kitchen | 140 Jefferson Davis Hwy
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