Duke Primary Care Butner_Property for Sale
Duke Primary Care Butner_Property for Sale
2503 East Lyon Station Road, Creedmoor, NC, 27522, US

Duke Primary Care Butner

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”), is pleased to exclusively offer for sale the fee-simple interest in the single-tenant Duke Primary Care – Butner Creedmoor (the “Property” or “Asset”) located at 2503 E. Lyon Station Road, Creedmoor, North Carolina. The Property is 100% leased by Duke University Health System (“Duke Health” the “Tenant”) under a NN lease structure with 7.4 years of lease term remaining and 2.50% annual rent bumps, subject to two consecutive 5-year extension options. The asset was a 2010 build-to-suit for Duke Health and sits on a large 3.52 AC parcel.

Duke Health is the world-renowned academic medical center and part of the elite Duke University in Durham, NC,  Duke Health has three hospitals with 1,603 beds, supporting 67,000 inpatient stays and 4.7 million outpatient visits annually supported by more than 2,000 physicians, including its large physician faculty staff. The annual revenue generated by the system amounts to $4.2 billion, and it has experienced growth of 33.3% since 2017. Duke Health has one of the highest investment grade ratings at Aa3 by Moody’s and AA- by S&P.

The Property is ideally situated in a dense retail location adjacent to Interstate 85 (36K VPD), which connects the area to downtown Durham. The Asset sits within the Raleigh-Durham market, which has seen exceptional growth with 180% population growth since 2000 as many corporations choose to relocate or expand their operations to the area. This Asset presents the opportunity to acquire a medical office asset with investment-grade tenancy in a highly coveted market.



Asking Price
THB 213,987,000
Building area Net
1,489 m²
Year built


Investment Highlights

  • 7.4 years remaining on a net lease with 2.5% bumps annually
  • Duke Health carries a high grade, AA- credit rating from S&P
  • Situated in a dense retail corridor adjacent to I-85 that sees 36K VPD
  • Located in the Raleigh-Durham MSA that has seen over 180% population growth from 2000 and significant corporate growth and relocation
  • The Asset was a build-to-suit for Duke Health in 2010

Duke Primary Care Butner 4_Property for Sale
Duke Primary Care Butner 4_Property for Sale

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Last updated
30 May 2023