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NNN Flex Building
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806 Lillington Hwy, Spring Lake, NC 28390

Leased flex property with a three-year initial term and multiple renewal options.

Property Size9,400 SF
Lot Size0.57 Acres
Days on Market141

Property Features for 806 Lillington Hwy

General Information

Standard status Active
Size 9,400 SF
Lot size 0.57 Acres
Property subtype Retail

Financials

Cap Rate 8.5%
Gross Income $67,980

Building Details

Buildings 1
Building Size 9,400 SF
Tenancy Single
Listing Agency: Grant-Murray Real Estate
Listed By: Richard Fox III · License #NC 312340
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 7:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grant-Murray Real Estate

Investment Insights

Based on property information with market context.

This 9,400-square-foot flex building occupies 0.57 acres and is leased on an NNN basis to National Barks Pet Resort. The current lease is in its second year of a three-year initial term and includes three two-year renewal options. The property offers an operating income structure suited to investors seeking an occupied commercial asset.

The building is located in Spring Lake, less than two miles from Fort Liberty. A Walmart Supercenter is approximately a quarter mile away, while restaurants and Skyland Shopping Center are within one mile. The site is positioned within the Spring Lake retail environment and benefits from proximity to established commercial activity.

Key Highlights

  • 9,400‑square‑foot flex building on 0.57 acres
  • NNN lease with National Barks Pet Resort
  • Second year of a three‑year initial lease term

Property Analytics

Current Use

Buchanan Roofing & Guttering ... Roofing Company National Barks Pet ... Kennel & Boarding Facility

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Electrical Service Real Estate Agency Building Supply HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Single-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

424
Businesses Nearby

Demographics for 28390, NC

23,799
Population
10,204
Households
2.3
Avg Household Size
31
Median Age
28%
College-Educated
93%
High-School Grad
60.2 sq mi
ZIP Area
395
Density / Sq Mi
$58,750
Median Household Income
$36,678
Median Earnings
$1,151
Median Rent
$195,200
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
NNN property - Leased flex property with a three-year initial term and multiple renewal options.
Where is this nnn property located?
The property is located at 806 Lillington Hwy Spring Lake, NC.
What are key features of this property?
This property features: 9,400‑square‑foot flex building on 0.57 acres; NNN lease with National Barks Pet Resort; Second year of a three‑year initial lease term
(910) 818-3252 Call to check price and availability
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