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2210 South Croatan Highway

Grisham Family III Acquires Retail Asset From 222 Satterfield Landing LLC For $3.65M In Nags Head
SOLDRetail

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

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.

Players

Clark Simpson

Cushman & Wakefield

Broker

$87.8M

vol

16 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

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