$8,000,000 USD
703-477-1315
1750 Grove Point Rd
Savannah, GA 31419
Georgetown
HIGHLIGHTS
- Premier Convenience & Gas Tenant
- 20-Year Sale-Leaseback Offering | Absolute NNN Ground Lease
- Excellent Access & Visibility along Abercorn Street (60,100 VPD) | 1.5 Miles East of the On-Ramp to US-17 (38,000 VPD)
- Positioned Within a Residential Area | 1,980+ Households and 1,700+ Multifamily Units Within 1 Mile
- Proximate to Hunter Army Airfield
- 13 Miles Southwest of Downtown Savannah (MSA Population: 437,261)
OVERVIEW
CBRE is pleased to offer for sale the absolute NNN Parker’s Kitchen sale-leaseback ground lease situated on 2.60 acres in Savannah, Georgia (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.
FOR SALE DETAILS
PRICE
$8,000,000 USD
PRICE/SF
$1,600 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Parker's Kitchen: Savannah, GA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Service Station
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
2.6 AC
LAND SF
113,256 SF
ZONING
PB
APN/PARCEL ID
-
ASK ABOUT THIS PROPERTY
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703-477-1315
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703-477-1315
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