117 Morrison Rd - Freestanding FOR SALE


Elkin, NC 28621
$4,978,000 USD
470-344-2586
117 Morrison Rd, Elkin, NC for Sale
$4,978,000 USD
Freestanding - FOR SALE
1/11
null | 5.75% Cap Rate

117 Morrison Rd
Elkin, NC 28621


HIGHLIGHTS

  • 100% Occupied | Net Leases | Options to Extend | WALT - 10+ Years |Scheduled 10% Rental Increases | Ecommerce Resistant Tenant Mix
  • Brand-New 2026 Construction | Drive-Thru Equipped Dunkin Site
  • Signalized, Hard Corner Intersection | Centralized Location | Gateway to Yadkin Valley Wine Region | Interstate 77 (34,500 VPD)
  • Strong National/Credit Tenants | Dense Retail Corridor |Adjacent to Walmart Supercenter (2.2M Visitors per Year)
  • Strong Demographics In Local Trade Area | Six Figure Incomes

OVERVIEW

This is a 100% occupied, newly constructed two-tenant net lease investment situated at a signalized intersection in Elkin, NC. The property is anchored by Aspen Dental and Dunkin’, offering a complementary tenant mix of healthcare and quick-service retail. Both tenants have executed brand-new 10-year NNN leases backed by corporate or large franchise guarantees, delivering secure and predictable cash flow for institutional or private investors. Built in 2026, the property features modern design and minimal near-term capital expenditure requirements. It sits adjacent to a future Hobby Lobby and is positioned near a Walmart Supercenter, ensuring high visibility and consistent traffic. With scheduled rental increases and long-term options to extend, this investment provides income stability and attractive growth opportunities.

FOR SALE DETAILS

PRICE

$4,978,000 USD

PRICE/SF

$918 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dunkin' & Aspen Dental - Elkin NC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food, Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2026

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

HB

APN/PARCEL ID

4952-00-85-6214

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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