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Parker's Kitchen: Aiken, SC 140 Jefferson Davis Hwy 5,175 SF Retail Building Aiken, SC 29801 $7,767,000 ($1,500.87/SF) 5.15% Cap Rate

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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.