Elkin, NC - Dunkin' & Aspen Dental

Description:

• 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

• The asset is strategically located at the signalized, hard corner intersection of Highway 268 and Rumple Farm Lane which supports more than 20,500 vehicles per day
• The site benefits from nearby on/off ramp access to Interstate 77 (34,500 VPD) and Highway 21 Bypass (11,000 VPD), making this an ideal centralized location
• Strong regional connectivity between Charlotte, Winston-Salem, and the Virginia corridor
• Elkin serves as a gateway to the Yadkin Valley Wine Region, home to more than 40 wineries and vineyards that attract substantial year-round tourism to the area

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Listing ID: a28TP000002gpBRYAY