160 Turnberry Way - Medical FOR SALE


Pinehurst, NC 28374
$2,833,000 USD
919-645-2764
160 Turnberry Way, Pinehurst, NC for Sale
$2,833,000 USD
Medical - FOR SALE
1/5
null | 6.25% Cap Rate

160 Turnberry Way
Pinehurst, NC 28374


HIGHLIGHTS

  • Centrally located between Pinehurst and Southern Pines with proximity to major medical and retail hubs.
  • 100% leased to strong credit medical tenants under NNN lease structure.
  • Long-term lease security with options extending through 2028.
  • Positioned near US Highway 15-501 and Morganton Road, the area’s primary commercial crossroads.
  • Located minutes from Golf House Pinehurst and the World Golf Hall of Fame, reinforcing year-round demand.
  • Surrounded by a thriving tourism economy generating $860 million in annual visitor spending in Moore County.

OVERVIEW

160 Turnberry Way presents an attractive opportunity to acquire a fully leased, two-tenant medical office property in the heart of Pinehurst, North Carolina. Positioned within Turnberry Wood Business Park at the intersection of US Highway 15-501 and Morganton Road, this 6,853-square-foot asset offers investors a stable income stream backed by strong credit medical tenants. The property is offered at $2,833,000, delivering a 6.25% capitalization rate and an annual Net Operating Income of $177,056. The investment is structured with Triple Net (NNN) leases, ensuring minimal landlord responsibilities as tenants cover taxes, insurance, and common area maintenance. Both suites feature long-term lease commitments, with Suite A extending through July 2027 and Suite B through February 2028, each with renewal options. Located near the Morganton Park North Medical Campus, Morganton Park South retail power center, and The Country Club of North Carolina, the property benefits from strong regional healthcare demand and a robust local economy. Pinehurst is a nationally recognized destination, home to the USGA’s second headquarters and the World Golf Hall of Fame, driving consistent tourism and economic activity.

FOR SALE DETAILS

PRICE

$2,833,000 USD

PRICE/SF

$411 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

27

LAND DETAILS

LAND ACRES

0.91 AC

LAND SF

39,640 SF

ZONING

OS

APN/PARCEL ID

8571-05-09-1757

ASK ABOUT THIS PROPERTY

Judson McMillanYork PropertiesMore Info
919-645-2764

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Judson McMillanYork PropertiesMore Info
919-645-2764

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.