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Property profile

7 Duncan St Lillington, NC 27546

OFF-MARKET
Office Spaces
Property ID
US53-3647860
View Sample
6,497 SF 0.92 ac lot Built 1999

Property summary

AI-generated overview

This exceptional 6,497 square foot medical office building presents a compelling investment opportunity in Lillington, North Carolina. Situated on a sizable 0.92-acre lot, the property boasts ample parking for staff and patients. The interior layout is well-designed and functional, featuring 25 individual offices or exam rooms, providing flexibility for a variety of medical practices. Eight bathrooms and two kitchenettes ensure convenience for both staff and patients. A large reception and waiting area creates a welcoming and efficient patient flow. Currently, the property benefits from a secure, six-year lease with a credit-worthy tenant, providing immediate and consistent cash flow. The lease includes a favorable option for a five-year renewal, offering long-term stability and predictable income. The monthly base rent is $8,368, translating to a competitive $15.69 per square foot. Annual rent increases are built into the lease, protecting against inflation and ensuring growing returns on investment. This property offers a rare combination of size, location, and secure tenancy, making it an ideal acquisition for investors seeking a stable and appreciating asset in the thriving healthcare sector. The ample parking and convenient location further enhance its appeal.

Property profile

Verified
Property type Office Spaces
Year built 1999
Total area 6,497 SF
Lot 0.92 ac (40,075 SF)
UPID US53-3647860

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Medical Clinic
  • Pediatrician Physician
  • Physician
  • Physician
  • Physician

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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