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."
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.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.