160 Turnberry Way 6,900 SF 100% Leased Office Building Pinehurst, NC 28374 $3,873,363 CAD ($561.36 CAD/SF) 6.25% Cap Rate

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.