5747 Jefferson Davis Hwy - Convenience Store FOR SALE


North Augusta, SC 29841
$7,619,000 USD
703-477-1315
5747 Jefferson Davis Hwy, North Augusta, SC for Sale
$7,619,000 USD
Convenience Store - FOR SALE
1/3
null | 5.25% Cap Rate

5747 Jefferson Davis Hwy
North Augusta, SC 29841


HIGHLIGHTS

  • Premier Convenience & Gas Tenant
  • 20-Year Sale-Leaseback Offering | Absolute NNN Ground Lease
  • Premier Interstate Location
  • High Traffic Flow from Downtown Augusta
  • Automotive Corridor

OVERVIEW

CBRE is pleased to offer for sale the absolute NNN Parker’s Kitchen sale-leaseback ground lease situated on 5.50 acres in North Augusta, South Carolina—part of the Augusta-Richmond County, GA-SC 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. Situated within 2 miles of downtown Augusta, Parker’s Kitchen is located along Jefferson Davis Highway (27,000 VPD) and is immediately adjacent to off/on ramps to Interstate 520 (19,400 VPD), which serves as the Augusta metro’s interstate perimeter in conjunction with Interstate 20 (82,500 VPD). This 5,175-square-foot convenience store and gas station opened in June 2024 and is suited to accommodate both passenger vehicles and larger diesel trucks.

FOR SALE DETAILS

PRICE

$7,619,000 USD

PRICE/SF

$1,475 USD /SF

CAP RATE

5.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parker's Kitchen: North Augusta, SC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

110.53 AC

LAND SF

4,814,886 SF

ZONING

-

APN/PARCEL ID

013-18-01-001

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.