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    Kill Devil Hills Retail Opportunity Title is generated by Realmo AI

    2012 S Croatan Hwy, Kill Devil Hills, NC

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    Large retail building in popular Outer Banks tourist destination.

    Type:RETAIL
    Property size:
    48,226 SF
    Lot size:
    7.57 Acres
    Price / SF:
    $153/SF
    Added:
    May 5, 2025
    Days on Market:
    407
    Last Refresh:
    May 19 at 9:25 pm

    Property Features for 2012 S Croatan Hwy

    General Information

    Standard status
    Active
    Size
    48,226 SF
    Lot size
    7.57 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Tanner Sanford
    Tanner Sanford

    Listing agent Tanner Sanford

    Listing office Matthews Real Estate Investment Services - Corporate

    Listing date May 5, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of Matthews Real Estate Investment Services - Corporate

    HighLights

    • 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.
    • Premier Location: Situated in the Outer Banks, attracting over 5 million annual visitors and high traffic volume (±39,000 VPD).
    • Large Building on Expansive Parcel: ±48,226 SF building on a ±7.57‑acre parcel, allowing for potential redevelopment, repurposing, or expansion.
    • Below Market Rent: Tenant currently paying $8/SF, indicating strong value and potential for future growth.

    Overview

    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 Location Intelligence

    Current Use by Public Records

    Ria Money Transfer ... Bank Harris Teeter Money ... Check Cashing Harris Teeter (Bike/Boat/Book/etc) Store Starbucks Cafe & Coffee Shop Cardtronics Atm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -75.6764
    Latitude
    36.0389

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      Meineke Car Care Center

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    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 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tanner Sanford
    Tanner Sanford
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