Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2012 S Croatan Hwy Kill Devil Hills, NC 27948

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $7,421,818

    Large retail building in popular Outer Banks tourist destination.

    Property size:
    48,226 SF
    Lot size:
    7.57 Acres

    Property Features for 2012 S Croatan Hwy

    General Information

    Size
    48,226 SF
    Lot size
    7.57 Acres

    Source: Matthews Real Estate Investment Services - Corporate Agent Tanner Sanford

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Kill Devil Hills Retail Opportunity

    This single-tenant, big-box grocery store is located in Kill Devil Hills, part of the Outer Banks, a popular tourist destination. The area attracts over 5 million annual visitors. The property is situated in the center of the Outer Banks and experiences over 39,000 vehicles per day. The building measures approximately 48,226 square feet and is positioned on a large 7.57-acre parcel. The property is subject to an absolute NNN ground lease with zero landlord responsibilities. Over seven years remain on the base term, with 40 years of options. The lease includes scheduled 5% rental increases each option period. The lease is corporately guaranteed by The Kroger Co., the parent company of Harris Teeter, which operates more than 250 stores and 60 fuel centers in 7 states and the District of Columbia. The tenant is currently paying $8 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ria Money Transfer ... Money Transfer Service Harris Teeter Money ... Check Cashing Service Harris Teeter Florist Starbucks Coffee Shop Cardtronics Atm

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kill Devil Hills
    County
    Dare
    State
    North Carolina
    Longitude
    -75.6764136
    Latitude
    36.038893

    Nearby Similar for Sale

    • $695,000
      17,000.00 Acres

      Turnkey Restaurant and Pub Opportunity

      Well-equipped restaurant and pub with high visibility and welcoming atmosphere.
      100 Colingwood Ln, Kill Devil Hills, NC 27948
      View Details
    • $775,000
      17,500.00 Acres

      Kill Devil Hills Retail Site

      Centrally located commercial site with a 3,000 SF building.
      502 S Croatan Hwy, Kill Devil Hills, NC 27948
      View Details
    • $2,895,000
      53,650.00 Acres

      Kill Devil Hills Multifamily Complex

      16-unit apartment complex in the heart of Kill Devil Hills.
      1711 Bobby Lee Trl, Kill Devil Hills, NC 27948
      View Details
    • $1,440,000
      4,800 SF

      Meineke Car Care Center

      NNN leased auto shop in Kill Devil Hills, NC.
      1800 S Croatan Hwy, Kill Devil Hills, NC 27948
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Large retail building in popular Outer Banks tourist destination.
    Where is this grocery and convenience store located?
    The property is located at 2012 S Croatan Hwy Kill Devil Hills, NC.
    What is the asking price?
    The asking price for this property is $7,421,818.
    What are key features of this property?
    This property features: - Absolute NNN Ground Lease: Enjoy a completely passive investment with zero landlord responsibilities.; - Long Term Lease: Benefit from over ±7 years remaining in the base term, with 40 years of options.; - Corporate Guaranty: Lease is backed by The Kroger Co., parent company of Harris Teeter.
    (865) 456-7821
    Request Owner's contact information
    2012 S Croatan Hwy Kill Devil Hills, NC 27948
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2012 S Croatan Hwy
    Kill Devil Hills, NC 27948
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2012 S Croatan Hwy Kill Devil Hills, NC 27948
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.