1828 N. Croatan Hwy - Freestanding FOR SALE


Kill Devil Hills, NC 27948
$3,275,000 USD
949-506-2009
1828 N. Croatan Hwy, Kill Devil Hills, NC for Sale
$3,275,000 USD
Freestanding - FOR SALE
1/10
null | 6.15% Cap Rate

1828 N. Croatan Hwy
Kill Devil Hills, NC 27948


HIGHLIGHTS

  • Over 9 Years Remaining | Scheduled Rental Increases | Established Brand
  • NN Lease | Fee Simple Ownership | Limited Landlord Responsibilities
  • Adjacent to Dare Centre (115,000 SF) | Dense Retail Corridor | Wright Brothers National Memorial (470,000 visitors/year) | Nearby School
  • Hard Corner Intersection | Excellent Visibility & Access
  • Strong Demographics in 5-Mile Trade Area

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN leased, Sherwin-Williams investment property located in Kill Devil Hills, North Carolina. The tenant currently has over 9 years remaining on their initial lease with 8 (5-year) options to extend, demonstrating their commitment to the site. The lease features 8% rental increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. With global headquarters in Cleveland, Ohio, Sherwin-Williams branded products are sold exclusively through a chain of more than 5,000 Company-operated stores and branches.

FOR SALE DETAILS

PRICE

$3,275,000 USD

PRICE/SF

$819 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sherwin-Williams | 9 Yrs Remaining

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

C

APN/PARCEL ID

029831200

ASK ABOUT THIS PROPERTY

Calvin ShortSRS National Net LeaseMore Info
949-506-2009

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Calvin ShortSRS National Net LeaseMore Info
949-506-2009

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.