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    1800 S Croatan Hwy Kill Devil Hills, NC 27948

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    For Sale
    $1,440,000

    NNN leased auto shop in Kill Devil Hills, NC.

    Property size:
    4,800 SF
    Lot size:
    0.55 Acres

    Property Features for 1800 S Croatan Hwy

    General Information

    Size
    4,800 SF
    Lot size
    0.55 Acres

    Source: NNN Pro Group Agent Anthony D’Ambrosia

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

    Overview

    Meineke Car Care Center

    The property is a Meineke Car Care Center located at 1800 South Croatan Highway, Kill Devil Hills, North Carolina. It features approximately 4800 rentable square feet of building space situated on an estimated 0.55-acre parcel of land. The property is subject to a 20-year Triple Net (NNN) lease, commencing upon the close of escrow. The annual rent is $90,000, with scheduled increases of 2.00% annually.
    Location Intelligence

    Current Use by Public Records

    Meineke Car Care ... Auto Repair Shop Roof Busters Inc Roofing Contractor ATM (BB&T) Atm Redbox Movie Rental Kiosk Circle K Convenience Store

    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.

    Similar Places Nearby

    Napa Auto Care Center, american auto glass, Ocean Auto Repair, Pugh's Car Care Center, Van Dyke's Repair

    Location Insight

    • Map
    • Local Demand
    City
    Kill Devil Hills
    County
    Dare
    State
    North Carolina
    Longitude
    -75.6739498
    Latitude
    36.0342525

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    FAQs

    What type of property is this?
    Auto shop - NNN leased auto shop in Kill Devil Hills, NC.
    Where is this auto shop located?
    The property is located at 1800 S Croatan Hwy Kill Devil Hills, NC.
    What is the asking price?
    The asking price for this property is $1,440,000.
    What are key features of this property?
    This property features: - 20-year Triple Net (NNN) lease commencing upon close of escrow.; - Annual rent of $90,000.; - Scheduled rent increases of 2.00% annually.
    (332) 345-2408
    Request Owner's contact information
    1800 S Croatan Hwy Kill Devil Hills, NC 27948
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    Kill Devil Hills, NC 27948
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    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
    1800 S Croatan Hwy Kill Devil Hills, NC 27948
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