For Sale
$2,888,000

1300 Scotland Crossing Dr Laurinburg, NC 28352

High-yield, 10-year net lease investment.

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a brand-new, 3,500 square foot medical office building in Laurinburg, North Carolina. The property is a single-tenant, corporate net lease to Aspen Dental, a leading national dental brand with over 1,000 locations. The 10-year lease commenced December 1, 2024, and expires November 30, 2034, featuring built-in rent bumps. The property boasts a strong 6.00% cap rate and a Net Operating Income (NOI) of $173,250. Situated on a 0.89-acre lot, the building was constructed in 2024 and is strategically located along a major retail corridor, benefiting from high visibility and proximity to numerous national retailers including Taco Bell, Walmart, Lowe's, and more. Its location as an outparcel to a Belk-anchored shopping center further enhances its visibility. The property also enjoys close proximity to Scotland Memorial Hospital, the largest employer in Laurinburg, and several schools, ensuring a robust potential client base. The property's location along US Highway 74 provides easy access to larger metropolitan areas and I-95, expanding its market reach. This is a compelling investment opportunity with a strong tenant, long-term lease, and excellent location in a growing market. The property is offered as a 1031 exchange opportunity.

Highlights

  • High-visibility Aspen Dental location on US Highway 74 in Laurinburg, NC, offering excellent access to Charlotte and Wilmington.
  • Convenient I-95 access via Highway 74, providing easy commutes from Fayetteville and the East Coast.
  • Strong patient base potential due to proximity to Scotland High School and St. Andrews University.
  • Significant patient draw from surrounding rural communities due to convenient highway access.
  • Underserved dental market presents a strong opportunity for rapid growth and patient acquisition.

Property Details for 1300 Scotland Crossing Dr

Property type
Office properties, Medical offices
Square Feet
3,500 SF
Year Built
2024
Lot Size (sq. ft)
38,768 SF

Location Insight

City
Laurinburg
County
Scotland
State
North Carolina
Latitude
34.761651
Longitude
-79.4881489

FAQs

What type of property is this?
Office property - High-yield, 10-year net lease investment.
Where is the office property located?
The property is located at 1300 Scotland Crossing Dr Laurinburg, NC.
What is the asking price?
The asking price for this property is $2,888,000.
What are key features of this property?
This property features: High-visibility Aspen Dental location on US Highway 74 in Laurinburg, NC, offering excellent access to Charlotte and Wilmington.; Convenient I-95 access via Highway 74, providing easy commutes from Fayetteville and the East Coast.; Strong patient base potential due to proximity to Scotland High School and St. Andrews University.
How can I contact the broker?
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1300 Scotland Crossing Dr
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