721 Tilghman Dr Dunn, NC 28334
- Medical offices
- 15 SF
- 1.98 lot acres
Current Use by Public Records
- Elizabeth B. Daughtry, DPM / Podiatrist
- Shah P M MD / Cardiologist
- Tracy L. Christensen, PA / Physician Assistant
- Piedmont Foot & Ankle Clinic / Podiatrist / Medical Clinic
- Sandy Hawkins-Rivers, MD / Doctor
Property Details for 721 Tilghman Dr
- Lot size
- 1.98 lot acres
- Property size
- 15 SF
- Property type
- Medical offices
- APN
- 1516-07-0553.000
Description
Exceptional investment opportunity in Dunn, NC, presents a four-unit Class B medical office complex totaling 15,000 square feet situated on a 1.98-acre lot (APN: 1516-07-0553.000). Currently operating at 50% occupancy, this property boasts a 6.15% cap rate, projected to increase to 9.5% at full occupancy. The asking price is $2,350,000, translating to $156,667 per square foot. The building comprises four individual office condos: three units of 2,500 square feet each (Ste 200, 300, and 400), and one larger unit of 7,500 square feet (Ste 100). This versatile space is ideal for individual medical practices, larger organizations, or medical colleges seeking proximity to a major hospital. The property's strategic location is adjacent to Betsy Johnson Hospital, offering significant advantages for medical professionals. Conveniently located off Highway 421, near the intersection of Dunn/Erwin Road and Tilghman Drive, the building enjoys high visibility and accessibility. The property features a modified lease type and multi-tenancy structure. Three regional chain tenants are currently established within the building. This prime medical office complex represents a compelling investment opportunity with significant upside potential.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dunn
- County
- Harnett
- State
- North Carolina
- Longitude
- -78.6326264
- Latitude
- 35.3085494
