Updated Sep 30, 2025
Grisham Family III Acquires Retail Asset From 222 Satterfield Landing LLC For $3.65M In Nags Head
2210 South Croatan Highway
$3,650,000
$296/SF
Building Size
12,319 SF
Asset Type
Retail
Closing
Sep 24, 2025
About this deal
AI
The property asset involved in this transaction is a retail space located at 2210 South Croatan Highway, Nags Head, NC. The property, which consists of a total of 12,319 square feet, was sold for a transaction amount of $3,650,000, translating to a price per square foot of $296.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,650,000
- Address: 2210 South Croatan Highway
- Market: Nags Head, NC
- Square Footage: 12,319
- Price per Square Foot: $296
- Buyer: Grisham Family III
- Seller: 222 Satterfield Landing, LLC
- Broker Representatives: Clark Simpson & Erik Conradi - Cushman & Wakefield
Cushman & Wakefield | Thalhimer’s Capital Markets Group facilitated this transaction, representing both the buyer and the seller in the successful sale of the retail asset on September 24, 2025.
On the Map
$3,650,000
$296/SF
Retail
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Players
Nags Head Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.35%
Cash-on-Cash
-1.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93