117 Morrison Road

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117 Morrison Road

Elkin, NC 28621
Asking Price
$4.98M
Cap Rate
5.75%
Asset Type
QSR/Fast Food Retail
Class
Class B

What's Special

Retail | 5.75% CAP | 5,420 SqFt <ul><li>​100% Occupied | Net Leases | Options to Extend | WALT - 10+ Years |Scheduled 10% Rental Increases | Ecommerce Resistant Tenant Mix</li><li>​Brand-New 2026 Construction | Drive-Thru Equipped Dunkin Site</li><li>​Signalized, Hard Corner Intersection | Centralized Location | Gateway to Yadkin Valley Wine Region | Interstate 77 (34,500 VPD)</li><li>​Strong National/Credit Tenants | Dense Retail Corridor |Adjacent to Walmart Supercenter (2.2M Visitors per Year) </li><li>​Strong Demographics

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NOI
$80,000
Cap Rate
1.61%
DSCR
0.27
Underwater
Cash-on-Cash
-14.43%
Monthly Payment
$24,628.428
Annual Cash Flow
$-215,541.135

Location & Travel Times