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Kill Devil Hills, NC 27948

Sherwin-Williams

Property Address

1828 North Croatan Highway, Kill Devil Hills, NC, USA

Offering Summary

  • Price: $3,275,000
  • Lot Size: 0.72 Acres
  • Cap Rate: 6.15%
  • Year Built: 2024
  • Building SF: 4,000
  • Status: Available
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  • New 10-Year Lease with Corporate Guaranty by Sherwin-Williams (NASDAQ: SHW)
  • 8% Rental Increases Occurring in Each of 8, 5 Year Renewal Options
  • Sherwin-Williams 2023 Revenue was Over $23 Billion & 2023 EBITDA Increased by 17.5% to $4.24 Billion
  • Situated in the Heart of North Carolina’s Outer Banks, a Popular Tourist Destination
  • Located Across from Target and Adjacent to Dare Centre - Tenants Include Belk, Food Lion, and Rack Room Shoes
  • Excellent Visibility Along Croatan Highway (32,000+ Cars per Day)

Broker Information

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