Parker's Kitchen (Beaufort Station) - Beaufort, SC
311 Robert Smalls Pkwy, Beaufort, SC, 29906, US
R 70,381,000
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present for sale the single-tenant Cracker Barrel (the "Tenant") located in Murrells Inlet, SC (the "Property" or "Asset"). The Tenant executed a 20-year absolute NNN lease with 1.00% annual rental escalations in 2020. The lease has 15 years remaining with ten, 5-year renewal options. The Property has over 209,000+ visits annually (per Placer.ai).
The immediate trade area has strong demographics with a dense local population of 66,000+ and an average household income of $100K+ within a five-mile radius. This offering presents the opportunity to acquire long term passive income with zero landlord obligations from a widely recognized American casual dining operator with high value intrinsic real estate.
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Attributes
Building area net
888 m²
Year built
1997
Land area gross
1.21 ha
Cap rate
5.75%
Asking price
R 50,041,000
NOI
R 2,877,000
Lease type
Absolute Triple Net
Remaining lease term
15 years
Media
Investment Highlights
- 15-Yr Absolute NNN Cracker Barrel
- Oversized ±3 acre parcel
- 12 miles from downtown Myrtle Beach MSA, with over 4.9M visitors annually
- $100K average household income within a 5-mile radius
- Sun Belt growth hub (33% population increase since 2010 in a 5-mile radius)
- Established national tenant operating for over 55 years
- Adjacent to Highway 17 Bypass and S Hwy 17 with a combined 64,000+ VPD
- Across Inlet Square Mall, a 500,000 SF mall undergoing redevelopment
Contact brokers
Cracker Barrel - Murrells Inlet, SC (0 Properties)
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Last updated
15 Aug 2025
