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721 Tilghman Dr Dunn, NC 28334

Sponsored
For Sale
$2,350,000

15,000 SF Office Building, High ROI

Property size:
15,000 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional 15,000 square foot medical office complex in Dunn, North Carolina, presents a lucrative investment opportunity. Strategically located adjacent to Betsy Johnson Hospital, the largest hospital in Harnett County, this property offers unparalleled synergy for medical practices. The building comprises four suites, each offering distinct advantages. Suite 100, a substantial 7,500 square foot space, is currently vacant and provides flexibility for a new tenant. This suite can be subdivided into two units of 2,100 and 5,400 square feet, catering to various needs. Suites 200, 300, and 400, each measuring 2,500 square feet, are currently leased to regional companies under long-term agreements (5-7 years) with two 5-year renewal options. These leases generate a consistent income stream at a rate of $18 per square foot. The current occupancy rate, at 50%, yields a cap rate exceeding 6% annually at the asking price of $2,350,000. The 1.98-acre lot provides ample space and potential for future expansion. A buyer occupying Suite 100 will realize significant benefits from the property's prime location and high-income potential. This property is ideal for medical professionals seeking to establish or expand their practice in a thriving healthcare environment. The existing leases provide immediate cash flow, while the vacant suite offers significant upside potential.

Property Features for 721 Tilghman Dr

General Information

Property type
Office Properties & Spaces
Square Feet
15,000 SF
Lot Size
86,249 SF

Building Details

Year Built
2007

Property Profile Location Intelligence

Current Use by Public Records

Elizabeth B. Daughtry, ... Podiatrist Shah P M ... Cardiologist Tracy L. Christensen, ... Physician Assistant Piedmont Foot & Ankle ... Medical Clinic Sandy Hawkins-Rivers, MD Doctor

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Dunn
County
Harnett
State
North Carolina
Longitude
-78.63116
Latitude
35.30884

FAQs

What type of property is this?
Office Property / Space - 15,000 SF Office Building, High ROI
Where is this office property / space located?
The property is located at 721 Tilghman Dr Dunn, NC.
What is the asking price?
The asking price for this property is $2,350,000.
More about this property
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