B+E has facilitated the sale of a Domino’s property located in Lowell, MA, for $1,900,000. Both the buyer and seller are individual net lease investors, and the property carries a lease term of 10 years.
“Most investors outside of Massachusetts haven’t heard of Lowell, but the city has a dense population and solid demographics,” said B+E broker Nolan Johnson. “B+E was able to demonstrate the strength of this market and the deal based on the city’s demographics. Our platform’s wide reach allowed us to connect the seller with the right buyer, quickly and efficiently.”
The Domino’s property in Lowell is operated by a 24-unit Domino’s operator with some of the highest grossing locations in Massachusetts and more than $35 million in annual revenues.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as he makes the transition from an utterly failed racehorse to a lovely show hunter.