17259 Highway 67 - Convenience Store FOR SALE


Statesboro, GA 30458
$7,619,000 USD
703-477-1315
17259 Highway 67, Statesboro, GA for Sale
$7,619,000 USD
Convenience Store - FOR SALE
1/29
null | 5.25% Cap Rate

17259 Highway 67
Statesboro, GA 30458


HIGHLIGHTS

  • Premier Convenience & Gas Tenant
  • 20-Year Sale-Leaseback Offering | Absolute NNN Ground Lease
  • Excellent Access & Visibility Along GA-67 (28,500 VPD), Less Than a Mile from its Intersection with Veterans Memorial Parkway (26,700 VPD)
  • 2 Miles to Georgia Southern University (Enrollment: 29,600+)
  • Less Than 2 Miles to East Georgia Regional Medical Center (149 Beds)
  • Savannah-Hinesville-Statesboro, GA CSA Advantage (CSA Population: 651,812)

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$7,619,000 USD

PRICE/SF

$1,693 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parker's Kitchen: Statesboro, GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.72 AC

LAND SF

162,043 SF

ZONING

-

APN/PARCEL ID

MS88000006-000

ASK ABOUT THIS PROPERTY

Thomas CarrCBREMore Info
703-477-1315

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Thomas CarrCBREMore Info
703-477-1315

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.