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Grisham Family III Acquires Retail Asset From 222 Satterfield Landing LLC For $3.65M In Nags Head
SOLD
$3,650,000
North Carolina
See Similar DealsRetail12,319 SF
Sold 09/24/2025
SOLD
Grisham Family III Acquires Retail Asset From 222 Satterfield Landing LLC For $3.65M In Nags Head
2210 South Croatan Highway
See Similar DealsRetail12,319 SF
Sold 09/24/2025
Summary
NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$296
Total Square Footage:12,319 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$194,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,967.69
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,302.86
Annual Debt Service$207,634.35
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