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Parker's Kitchen: Bloomingdale, GA 1493 Old River Rd 5,175 SF Retail Building Bloomingdale, GA 31302 $7,619,000 ($1,472.27/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- 20-Year Sale-Leaseback Offering | Absolute NNN Ground Lease
- High-Flow Diesel Optimization in a Top-Tier Logistics Corridor
- 20-mile drive from the Port of Savannah
- Immediate Interstate Access
- Strategic Proximity to the $7.6B Hyundai Metaplant
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the absolute NNN Parker’s Kitchen sale-leaseback ground lease situated on 6.96 acres in Bloomingdale, GA—part of the Savannah MSA (population: 437,261). 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 17 miles west of downtown Savannah, Parker’s Kitchen is located at a hard corner at the signalized intersection of Old River Road (5,590 VPD) and Savannah Portside International Parkway, just feet from access to Interstate 16 (43,700 VPD). This 5,175-square-foot convenience store and gas station recently opened in July 2025 and is suited to accommodate both passenger vehicles and larger diesel trucks.
Located approximately 17 miles west of downtown Savannah, Parker’s Kitchen is located at a hard corner at the signalized intersection of Old River Road (5,590 VPD) and Savannah Portside International Parkway, just feet from access to Interstate 16 (43,700 VPD). This 5,175-square-foot convenience store and gas station recently opened in July 2025 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
5,175 SF
Building Class
B
Year Built
2025
Price
$7,619,000
Price Per SF
$1,472.27
Cap Rate
5.25%
NOI
$400,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.02
Lot Size
7.21 AC
Zoning
B-3
Parking
40 Spaces (7.73 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 03300-00000-046-000 | Improvements Assessment | $0 |
| Land Assessment | $900,000 | Total Assessment | $900,000 |
PROPERTY TAXES
Parcel Number
03300-00000-046-000
Land Assessment
$900,000
Improvements Assessment
$0
Total Assessment
$900,000
CONTACTS
-
Thomas Carr -
Brian Pfohl -
Christopher Bosworth -
Ty Grenier -
Abby Kelly -
Katie Goldberg -
Kaitlyn Wolf -
Leah Lindell -
CBRE
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Parker's Kitchen: Bloomingdale, GA | 1493 Old River Rd
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