Harris Teeter- Kill Devil Hills, NC

Highly Sought-After Asset Class – Single tenant, big box grocers are in high demand due to the lack of transaction velocity across the country.
Premier Location – Located in the center of the Outer Banks which sees over 5 million annual visitors and over ±39,000 VPD.
Absolute NNN Ground Lease – Zero landlord responsibilities, making this a passive investment.
Large Building on Expansive ±7.57-Acre Parcel – ±48,226 SF with limitless potential for redevelopment, repurposing, or expansion.
Long Term Lease – Over ±7 years remaining in the base term, with 40 years of options.
Rental Increases – This lease has a scheduled 5% rental increase each option period.
Corporate Guaranty – Corporate lease backed by parent company, The Kroger Co. Harris Teeter operates more than 250 stores and 60 fuel centers in 7 states and the District of Columbia.
Tourist Destination – Part of the renowned Outer Banks, Kill Devil Hills is celebrated as the “Birthplace of Flight,” where the Wright Brothers made history with their first successful glider flight in 1903.
Below Market Rent – The tenant currently paying just $8/SF, offering strong value and potential for future growth.

Navigation Menu