Marcus & Millichap Sells $2M Aspen Dental Retail Property In Franklin North Carolina
1370 Siler Rd
$2,000,000
Building Size
—
Asset Type
Retail
Closing
Jul 10, 2025
AI
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.
Players
Franklin Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93