For Sale
$1,495,000

7 Duncan St Lillington, NC 27546

Spacious medical office with strong lease in place.

Overview

Added:
Feb 3
Days on market:
84
This exceptional 6,497 square foot medical office building presents a compelling investment opportunity in Lillington, NC. Situated on a sizable 0.92-acre lot, the property boasts ample parking for staff and patients. The well-designed layout includes 25 individual offices or exam rooms, providing flexibility for a variety of medical practices. Eight bathrooms and two kitchenettes cater to the needs of both staff and patients. A large reception and waiting area ensures a welcoming and efficient patient flow. Currently, the building benefits from a secure, six-year lease with a credit-worthy tenant, providing immediate and consistent income. The lease includes a favorable option for a five-year renewal, offering long-term stability and predictable cash flow. The monthly base rent is $8,368, translating to a competitive $15.69 per square foot. Annual rent increases are built into the lease, protecting against inflation and ensuring growing returns on investment. This property offers a rare combination of size, functionality, and secure tenancy, making it an ideal acquisition for investors seeking a stable and appreciating asset in a growing market. The ample parking and convenient location further enhance its appeal. This is a turnkey opportunity with significant potential for long-term growth and profitability.

Property Details for 7 Duncan St

Property type
Office properties
Square Feet
6,497 SF
Year Built
1999
Lot Size (sq. ft)
40,075 SF

Location Insight

City
Lillington
County
Harnett
State
North Carolina
Latitude
35.40427
Longitude
-78.81339

FAQs

What type of property is this?
Office property - Spacious medical office with strong lease in place.
Where is the office property located?
The property is located at 7 Duncan St Lillington, NC.
What is the asking price?
The asking price for this property is $1,495,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
7 Duncan St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message