2210 Croatan Hwy Nags Head, NC 27959

This exceptional Class A, 49,897 square foot shopping center in Nags Head, NC, presents a compelling investment opportunity. Boasting a 100% occupancy rate with a strong tenant roster anchored by Staples and T.J. Maxx, this multi-tenant property offers a stabilized income stream and significant upside potential. Built in 1984 and renovated in 2012, the single-building center sits on a 6.22-acre lot at a high-traffic intersection (S. Croatan Hwy & W. Satterfield Landing Rd), experiencing over 36,800 vehicles daily. The property features a NNN lease structure with corporate guarantees, minimizing landlord responsibilities. The asking price is $7,650,000, representing a compelling $153.32 per square foot and a 7.24% cap rate, with a current NOI of $554,194. The ample parking (5.49 spaces per 1,000 sq ft) caters to the high volume of shoppers. This irreplaceable location in the heart of Nags Head, a popular tourist destination attracting over 7 million annual visitors, ensures consistent high traffic and strong tenant performance. The property's strategic location along the main commercial corridor provides unparalleled visibility and accessibility. This is a rare opportunity to acquire a high-performing retail asset in a prime Outer Banks location.