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Dunkin' & Aspen Dental - Elkin NC 117 Morrison Rd 5,420 SF 100% Leased Retail Building Elkin, NC 28621 $6,812,393 CAD ($1,256.90 CAD/SF) 5.75% Cap Rate
Investment Highlights
- 100% Occupied | Net Leases | Options to Extend | WALT - 10+ Years |Scheduled 10% Rental Increases | Ecommerce Resistant Tenant Mix
- Signalized, Hard Corner Intersection | Centralized Location | Gateway to Yadkin Valley Wine Region | Interstate 77 (34,500 VPD)
- Strong Demographics In Local Trade Area | Six Figure Incomes
- Brand-New 2026 Construction | Drive-Thru Equipped Dunkin Site
- Strong National/Credit Tenants | Dense Retail Corridor |Adjacent to Walmart Supercenter (2.2M Visitors per Year)
Executive Summary
• The asset is 100% occupied by Aspen Dental and Dunkin’, offering a complementary mix of medical and quick-service restaurant tenancy that drives consistent daily traffic
• Both tenants recently executed new 10-year leases, demonstrating their long-term commitment to the asset and surrounding trade area
• Aspen Dental is operating on a corporate lease and accounts for approximately 65% of the GLA and gross rental income
• The lease is signed by Coastal Triad Investments, LLC, they are the 3rd largest Dunkin’ Franchisee in the country with 140+ stores. There is also a personal guarantee on the lease. Contact agent for more details
• Both leases are net in nature and feature 10% rental increases every 5 years, reducing the risk of expense slippage and providing a hedge against inflation
• Both tenants recently executed new 10-year leases, demonstrating their long-term commitment to the asset and surrounding trade area
• Aspen Dental is operating on a corporate lease and accounts for approximately 65% of the GLA and gross rental income
• The lease is signed by Coastal Triad Investments, LLC, they are the 3rd largest Dunkin’ Franchisee in the country with 140+ stores. There is also a personal guarantee on the lease. Contact agent for more details
• Both leases are net in nature and feature 10% rental increases every 5 years, reducing the risk of expense slippage and providing a hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
5,420 SF
Building Class
B
Year Built
2026
Price
$6,812,393 CAD
Price Per SF
$1,256.90 CAD
Cap Rate
5.75%
NOI
$391,733 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.12 AC
Zoning
Highway Business
Parking
33 Spaces (6.09 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Contacts
-
Michael Berk -
Sam Wilson -
Patrick Nutt -
William Wamble -
SRS Real Estate Partners
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Dunkin' & Aspen Dental - Elkin NC | 117 Morrison Rd
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