160 Turnberry Way Pinehurst, NC 28374-9829
- Commercial land
- 0.91 lot acres
Current Use by Public Records
- Carolinas Center for Oral and Facial Surgery / Oral And Maxillofacial Surgeon
- Turnberry Wood General Dentistry / Dentist / Cosmetic Dentist
- OsteoStrong Pinehurst / Health Consultant
Property Details for 160 Turnberry Way
- Lot size
- 0.91 lot acres
- Zone code
- OS
- Property type
- Commercial land
- APN
- 31626
- APU
- 31626
Description
This exceptional Class A medical office building, situated on a 0.91-acre lot in Pinehurst's Turnberry Wood Business Park, presents a compelling investment opportunity. The property boasts 6,853 square feet across two stories, featuring two units and 32 parking spaces. Currently 100% occupied by two strong medical tenants—Carolina Center for Oral & Facial Surgery (leased in 2022) and Osteo Strong (leased in 2023)—this net-lease investment offers a stable income stream with minimal landlord responsibilities. The building was constructed in 2016 and benefits from a favorable location at the northwest corner of Highway 15-501 and Morganton Road, providing excellent visibility and convenient access to major commercial corridors, schools, residential areas, and Pinehurst's renowned golf courses. The current lease terms are for five years with two five-year renewal options, and include a 3% annual rent bump. The property's Net Operating Income (NOI) is $153,783, resulting in an attractive 6.80% capitalization rate. The asking price is $2,250,000. The property is zoned OS and has a Moore County APN of 857105091757. This investment offers a strong return with significant upside potential.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pinehurst
- County
- Moore
- State
- North Carolina
- Longitude
- -79.4345
- Latitude
- 35.1774
- CBSA code
- 38240
- CBSA name
- PINEHURST-SOUTHERN PINES, NC MICROPOLITAN STATISTICAL AREA
