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

Industry: Real Estate

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.

Boston, MA (PRUnderground) March 30th, 2021

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.

About B+E

B+E is a modern investment brokerage firm, specializing in net lease real estate. The firm helps clients buy and sell single tenant real estate. Founded by deeply experienced brokers, B+E redefines trading through an intuitive end-to-end transaction platform consisting of user-friendly dashboards and an AI-driven exchange — all leveraging the largest data set in the net lease industry.

Complementing senior talent with exceptional technology, B+E’s proprietary process affords greater speed, unrivaled transaction efficiencies, and stronger asset value. With offices in New York City, Chicago, Atlanta, Tampa, Charlotte, Orange County, San Francisco, and Dallas, its brokers trade property for clients across the US. B+E allows virtually anyone to confidently trade net lease real estate.

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