Parker's Kitchen (Beaufort Station) - Beaufort, SC

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the ground leased interest in a ±5,330 square foot, single-tenant Parker’s Kitchen located at 311 Robert Smalls Pkwy in Beaufort, South Carolina (“Property” or “Asset”). Parker’s is currently operating on a 20-year ground lease with ±19.4 years of term remaining, four, five-year options and 6.50% rent escalations every 5-years. 

The Asset is 100% leased to Parker’s Kitchen (“Tenant”), a rapidly expanding convenience store and food service chain that has become a dominant player in the southeastern United States. Parker’s Kitchen has ambitious growth plans, aiming to add 100 new stores across Georgia and South Carolina by the end of 2028. The company just recently closed on a $900 million syndicated credit facility that will enable to convenience store retailer to expand its geographic footprint. This strategic move has significantly accelerated the company’s growth trajectory in its core southeastern markets.

Parker’s is strategically located in Beaufort, South Carolina. Beaufort is renowned for its rich cultural heritage and coastal charm, with an average household income of $91,000+ within a 3-mile radius. This growing city is frequently listed among the most desirable small towns in the South.

The property is prominently situated along the convergence of Robert Smalls Pkwy and US-21 and Robert Smalls Pkwy, providing excellent visibility to over 23,000 vehicles per day. It is adjacent to major retailers such as Walmart and Lowes, which collectively attract over 3.3 million visits annually. This unique opportunity allows investors the ability to acquire an indispensable C-Store asset in a fundamentally strong and vibrant Beaufort market.