711 Tilghman Dr

• Independence Dental is a premier operator of both general and specialty dental practices with over 70 locations across the US. NC Pediatric Dentistry is an established brand within the North Carolina markets they serve. They have 16 locations, over 20 doctors, and have been operating for decades.
• Dental offices do not frequently offer the rare combination of a lease term of 14 years and a strong 3% annual inflation hedge. Rent increases each October. The average cap rate across the base term of the lease is 8.25%, which grows to 10.06% by the final year.
• The property sits on Tilghman Drive, the same street as Betsy Johnson Hospital, the flagship hospital of Harnett Health, now part of the Cape Fear Valley Health System. The hospital has served Dunn since 1937 and offers emergency, surgical, imaging, and other general inpatient services. The location anchors a medical ecosystem of physicians, specialists, and referral relationships. Medical office space near the hospital campus is well suited to attract a complementary tenant for the vacant space.
• Approximately one-third of the building (1,718 SF) is currently vacant, creating an opportunity to add income through lease-up. Independence pays operating expenses for the entire building, including the vacant space, so the owner carries no costs while the space is vacant. The location on Tilghman Drive next to Betsy Johnson Hospital is well suited to medical office users seeking proximity to the hospital.
• Dentistry is one of the largest segments of healthcare, and pediatric dentistry is among its most medically necessary specialties. Harnett County is home to approximately 147,500 residents, a 27% increase since 2010, supporting long-term patient demand for pediatric dental services.
• Specialty dental build-outs are costly, with plumbing, X-ray, and clinical infrastructure that make relocation expensive for operators. This encourages tenants to remain in place and renew.
• Harnett County is positioned between the Research Triangle to the north and Fayetteville and Fort Bragg to the south, with access to I-95, I-40, and US 421. Harnett 95, the county’s first Class A industrial park, is under construction in Dunn and is planned to offer more than 800,000 square feet of industrial space. Campbell University and Central Carolina Community College provide workforce training and a steady base of students and employers.