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

B+E, the first brokerage and technology platform for net lease real estate, today 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."

For more information, contact Nolan Johnson at njohnson@benetlease.com or go to www.benetlease.com.