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1601 S Croatan Hwy
Kill Devil Hills, NC 27948

$3,500,000 USD

Convenience Store For Sale  •  2,220 SF

Property Details

• Property Type Convenience Store
• Total Building Size 2,220 SF
• Lot Size 0.42 AC
• Building Class B
• Year Built 1977
• Cap Rate 5.00 %
• Tenancy Single

30 Walk Score

Highlights

Brand new 15-year lease extension through 2041 with 10% increases every 5 years

7-Eleven operating at this site since 1978 — nearly 50 years of successful history

Absolute NNN lease with zero landlord responsibilities

7-Eleven carries an 'A-' S&P credit rating with 83,000+ global locations

±39,000 VPD on Croatan Highway, the primary Outer Banks retail corridor

Dare County generated $2.1B+ in visitor spending in 2024, ranked 4th in NC

Property Flyers

7 Eleven - Kill Devil Hills, NC - OM

Financial Summary (Actual)

Net Operating Income: $175,000 USD (2025)

Cap Rate:

5.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
7-Eleven