Property Details

Harris Teeter

Kill Devil Hills, NC
Property ID: 6316

Financial Summary

Asking Price $7,700,000
Cap Rate 5.30%
Net Operating Income (NOI) $408,200
Lease Type NNN
Lease Term Remaining 15 Years
The Offering Memorandum for this property is no longer available.

Contact

Andrew Fallon
Executive Managing Director
703.787.4733

Share Property

Highlights

  • Long term absolute NNN ground lease with Harris Teeter, Inc
  • 5% rent increases every 5 years in the first six option periods
  • Higher barrier to entry Outer Banks market with limited competition
  • In-store Starbucks, nearest Starbucks is 9 miles away
  • During peak summer months, Harris Teeter is open 24 hours a day

    Watch flyover video

Location

2012 South Croatan Highway
Kill Devil Hills, NC

Leigh ClineHarris Teeter