1601 S Croatan Hwy - Convenience Store FOR SALE
Kill Devil Hills, NC 27948 |
$3,500,000 USD
747-307-3673
1601 S Croatan Hwy
Kill Devil Hills, NC 27948
HIGHLIGHTS
- Brand new 15-year lease extension through 2041 with 10% increases every 5 years
- 7-Eleven operating at this site since 1978 — nearly 50 years of successful history
- Absolute NNN lease with zero landlord responsibilities
- 7-Eleven carries an 'A-' S&P credit rating with 83,000+ global locations
- ±39,000 VPD on Croatan Highway, the primary Outer Banks retail corridor
- Dare County generated $2.1B+ in visitor spending in 2024, ranked 4th in NC
FOR SALE DETAILS
PRICE
$3,500,000 USD
PRICE/SF
$1,577 USD /SF
CAP RATE
5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
7-Eleven
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1977
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.42 AC
LAND SF
18,295 SF
ZONING
-
APN/PARCEL ID
012374000
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747-307-3673
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747-307-3673
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