2210 S Croatan Hwy - Retail FOR SALE


Nags Head, NC 27959
$7,650,000 USD
757-218-2297
2210 S Croatan Hwy, Nags Head, NC for Sale
$7,650,000 USD
Retail - FOR SALE
1/5
null | 7.24% Cap Rate

2210 S Croatan Hwy
Nags Head, NC 27959


HIGHLIGHTS

  • Strong National Tenants
  • Signalized Intersection seeing 36,800 VPD

OVERVIEW

Cushman & Wakefield | Thalhimer is pleased to exclusively offer for sale Satterfield Landing Shopping Center (the “Property”), a 100% leased, 49,897 square foot retail center in Nags Head, North Carolina, a popular tourist destination which attracts more than 7 million annual visitors. The Property, located within the Hampton Roads MSA, benefits from a national tenant roster including Staples and T.J. Maxx, which comprise over 84% of the total income. The Property is located along the main commercial corridor of the Outer Banks at the signalized intersection of S. Croatan Highway and W. Satterfield Landing Road. This location has direct exposure to over 36,800 vehicles per day and easy access to all of the retail and tourist amenities of Nags Head. With strong national tenants with verified strong sales in an irreplaceable location with minimal landlord responsibilities, Satterfield Landing Shopping Center positions itself as a great investment for the right purchaser.

FOR SALE DETAILS

PRICE

$7,650,000 USD

PRICE/SF

$153 USD /SF

CAP RATE

7.24%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

230

LAND DETAILS

LAND ACRES

6.22 AC

LAND SF

270,943 SF

ZONING

Commercial

APN/PARCEL ID

027934000

ASK ABOUT THIS PROPERTY

Clark SimpsonCushman & Wakefield | ThalhimerMore Info
757-218-2297

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Clark SimpsonCushman & Wakefield | ThalhimerMore Info
757-218-2297

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