2210 S Croatan Hwy
Nags Head, NC 27959
PetSmart | Zero Direct Competition · Retail Property For Sale

The Jonna Group of Marcus & Millichap is pleased to present the exclusive listing for a 12,319-square foot net-leased PetSmart located in Nags Head, North Carolina on approximately 3.57 acres. PetSmart has over 4 1/2 years remaining on their initial lease with (4) 5 year options that include 13% rent increases each option period. The investment offers a corporate guaranty from PetSmart, a publicly traded company under the ticker PETM. The incoming investor has the opportunity to acquire a fee-simple asset in a high-barrier-to-entry locale. The subject property benefits from strong visibility off of South Croatan Highway, also known as US Route 158, a main artery running through the town of Nags Head located in Dare County. Nags Head is located on the eastern edge of North Carolina bordering the Atlantic Ocean, and just 199 miles south of Raleigh. US Route 158 sees over 40,000 vehicles traveling per day. The subject property is ideally situated as an out lot to a retail center that contains national retail tenants such as TJ Maxx and Staples. Retailers in the Immediate Vicinity Include TJ Maxx, Staples, Harris Teeter, CVS Pharmacy, Walgreens, Tropical Smoothie Café, Rite Aid, McDonald’s, Burger King, Wendy’s, Domino’s Pizza and more. Nags Head is in the heart of North Carolina’s coastal Outer Banks, a popular tourist region that attracts over seven million tourists annually. The Atlantic Ocean and shoreline are the major attractions, providing beaches for swimming, sunbathing, and a variety of water sports. A series of historic beachfront cottages overlook the beach in sections.