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.”