1300 Scotland Crossing Dr Laurinburg, NC 28352

Property Details for 1300 Scotland Crossing Dr

Year built

2024

Lot size

0.89 lot acres

Property size

3,500 SF

Property type

Office Properties & Spaces

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.