B+E brokers sale of Boston area Domino’s Pizza property for $2 million

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NEW YORK — B+E, a brokerage and technology platform for net lease real estate, announced the sale of the Domino’s Pizza property located at 374 Chelmsford Street, Lowell, Massachusetts for $2,000,000.

The buyer is Prescott White and the seller is Geoff Schembechler.  There are approximately 10 years remaining on the lease.

“96% of Domino’s are operated by franchisees,” said Nolan Johnson of B+E.  “This property was operated by a franchisee who has been in business since 1996 and has accumulated 24 locations in total. While free standing Domino’s are rare — especially ones with a drive-thru — this is one of three nearly identical Domino’s locations on the market that I am actively selling.”