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Boston & New England   /   March 31, 2021

David Cohen
By: David Cohen

B+E Brokers $2M Sale of Retail Property Leased to Domino’s in Lowell

Investment brokerage firm B+E has arranged the $2 million sale of a retail property leased to Domino’s Pizza at 374 Chelmsford Street in Lowell, MASS.

The buyer was Prescott White and the seller was Geoff Schembechler. There are approximately 10 years remaining on the lease. Nolan Johnson of B+E represented the seller in the transaction.

"96% of Domino's are operated by franchisees,” said Johnson. “This property was operated by a franchisee who has been in business since 1996 and has accumulated 24 locations in total."

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David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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