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Parker's Kitchen 17259 Highway 67 5,175 SF Retail Building Statesboro, GA 30458 $7,619,000 ($1,472.27/SF) 5.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Premier Convenience & Gas Tenant
- Excellent Access & Visibility Along GA-67 (28,500 VPD), Less Than a Mile from its Intersection with Veterans Memorial Parkway (26,700 VPD)
- Less Than 2 Miles to East Georgia Regional Medical Center (149 Beds)
- 20-Year Sale-Leaseback Offering | Absolute NNN Ground Lease
- 2 Miles to Georgia Southern University (Enrollment: 29,600+)
- Savannah-Hinesville-Statesboro, GA CSA Advantage (CSA Population: 651,812)
EXECUTIVE SUMMARY
CBRE is pleased to offer for sale the absolute NNN Parker’s Kitchen sale-leaseback ground lease situated on 3.72 acres in Statesboro, Georgia—part of the Savannah-Hinesville-Statesboro Combined Statistical Area (CSA Population: 651,812). 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. This 5,175-square-foot convenience store and gas station opened in May 2024 and is suited to accommodate both passenger vehicles and larger diesel trucks.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Convenience Store
Building Size
5,175 SF
Building Class
B
Year Built
2024
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
0.03
Lot Size
3.72 AC
Opportunity Zone
Yes
AMENITIES
- Signage
- Signalized Intersection
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MS88000006-000 | Improvements Assessment | $530,840 |
| Land Assessment | $568,320 | Total Assessment | $1,099,160 |
PROPERTY TAXES
Parcel Number
MS88000006-000
Land Assessment
$568,320
Improvements Assessment
$530,840
Total Assessment
$1,099,160
CONTACTS
-
Thomas Carr -
Christopher Bosworth -
Brian Pfohl -
Kaitlyn Wolf -
Leah Lindell -
Abby Kelly -
Katie Goldberg -
CBRE
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Parker's Kitchen | 17259 Highway 67
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