7 Duncan StLillington, NC 27546

Property Details for 7 Duncan St

Year built

1999

Lot size

0.92 AC

Property size (Sq ft)

6,497 SF

Property type

Office properties

Description

This exceptional 6,497 square foot medical office building presents a compelling investment opportunity in Lillington, North Carolina. Situated on a sizable 0.92-acre lot, the property boasts ample parking for staff and patients. The interior layout is well-designed and functional, featuring 25 individual offices or exam rooms, providing flexibility for a variety of medical practices. Eight bathrooms and two kitchenettes ensure convenience for both staff and patients. A large reception and waiting area creates a welcoming and efficient patient flow. Currently, the property benefits from a secure, six-year lease with a credit-worthy tenant, providing immediate and consistent cash flow. The lease includes a favorable option for a five-year renewal, offering long-term stability and predictable income. 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, location, and secure tenancy, making it an ideal acquisition for investors seeking a stable and appreciating asset in the thriving healthcare sector. The ample parking and convenient location further enhance its appeal.

Location Insight

City

Lillington

County

Harnett

State

North Carolina

Latitude

35.4043

Longitude

-78.8134

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