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Marcus & Millichap Sells $2M Aspen Dental Retail Property In Franklin North Carolina
SOLD
$2,000,000
+ 1
North Carolina
See Similar DealsRetail
Sold 07/10/2025
SOLD
Marcus & Millichap Sells $2M Aspen Dental Retail Property In Franklin North Carolina
1370 Siler Rd
See Similar DealsRetail
Sold 07/10/2025
+ 1
Summary
NORTH CAROLINA
Asset Type:Retail
Transaction Type:Sale
Marcus & Millichap sold a net-leased Aspen Dental retail property located at 1370 Siler Road in Franklin, NC. The property was built in 2022 and is shadow-anchored by Walmart. The sale price of the property was $2,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,000,000
- Sale Date: 07/10/2025
- Market: Franklin, NC
- Asset Characteristics: Net-leased, built in 2022, shadow-anchored by Walmart
The transaction involved brokers Don McMinn, Andrew Koriwchak, Kevin Smith Sr, and Brandon Sherrill, all representing Marcus & Millichap. The sale highlights ongoing investor interest in healthcare retail assets within secondary markets.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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