1300 Scotland Crossing DrLaurinburg, NC 28352

Property Details for 1300 Scotland Crossing Dr

Year built

2024

Lot size

0.89 AC

Property size (Sq ft)

3,500 SF

Property type

Office properties

Property subtype

Medical offices

Description

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.

Location Insight

City

Laurinburg

County

Scotland

State

North Carolina

Latitude

34.7617

Longitude

-79.4882

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