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The Overland Group Acquires Satterfield Landing Shopping Center In Nags Head For $7.3M

Property Image
SOLD
$7,300,000

North Carolina

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Retail49,897 SF
Sold 04/30/2025
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Property Image
SOLD

The Overland Group Acquires Satterfield Landing Shopping Center In Nags Head For $7.3M

2210 South Croatan Highway

See Similar Deals
Retail49,897 SF
Sold 04/30/2025
the dealplayerscompscontact
Contact now

Summary

NORTH CAROLINA
Asset Type:Retail
Price Per Square Foot:$146
Total Square Footage:49,897 SF
Transaction Type:Sale

The Satterfield Landing Shopping Center, located at 2210 South Croatan Highway in Nags Head, NC, has been sold for $7.3 million. The retail asset spans 6.22 acres and has a total square footage of 49,897. The property is currently fully leased to tenants including TJ Maxx, Staples, and OBX Martial Arts.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $7,300,000
  • Square Footage: 49,897
  • Price Per Square Foot: $146
  • Address: 2210 South Croatan Highway
  • Market: Nags Head, NC
  • Buyer: The Overland Group
  • Seller: Satterfield Landing, LLC
  • Broker: Clark Simpson - Cushman & Wakefield

The transaction was managed by Clark Simpson from Cushman & Wakefield, representing the interests of the buyer, The Overland Group, and the seller, Satterfield Landing, LLC, ensuring the closing of the deal based on the established terms.

Players

Clark Simpson
Cushman & Wakefield
Clark Simpson
16 deals$87.8M volume
BROKER

Details

SOLD
IMAGE: 04/30/2025 ADDRESS: 2210 South Croatan Highway MARKET: Nags Head, NC ASSET TYPE: Retail ~ ACRES: 6.22 BUYER: The Overland Group SELLER: Satterfield Landing, LLC BROKER: Clark Simpson - Cushman & Wakefield SALE PRICE: $7,300,000 SF: 49,897 ~ PPSF: $146 NOTE: The Satterfield Landing Shopping Center in Nags Head, NC, sold for $7.3 million to The Overland Group, with Cushman & Wakefield | Thalhimer’s Capital Markets Group handling the deal. The 49,897-square-foot property is fully leased to TJ Maxx, Staples, and OBX Martial Arts.

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Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,935.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,605.72
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