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Views: 91 DOM: 218 Updated: 08.14.24 Posted: 02.02.24 Status: Active

Summary

Price $501,818
Built/Renov 1993
Tenant Domino's (GL)
Cap Rate 5.50%
Lease Type Abs NNN
Guarantor Franchisee
Size/SF 1,260
Lease Start 05-01-2024
#Units 9
Price/SF $398.27
Expiration 04-30-2034
Tenant Type Fast Food/QSR
NOI $27,600
R. Term 9.7
Ownership Ground Lease
Rent/SF $21.90
Increases 10.0%/5/yrs
Pop 5Mi 10,784
Lot/AC 0.40
Options 4/5yrs/10%
AHHI 5Mi $53,885

Lease Highlights

  • Brand-new 2024 construction
  • Dominos will be executing a brand-new 10-year ground lease with 4 (5-year) options to extend
  • The lease features 10% rental increases throughout the initial term and each option period
  • Absolute NNN | Zero landlord responsibilities
  • Lease guaranteed by Matt Magee (9 units backed)

Location Description

Domino's is strategically located along US-98 E, with access to 22,953 vehicles passing by daily. Additionally, it functions as an out-lot adjacent to Walmart. The property is prominently situated within the central retail corridor, which spans from east to west, right in the center of the vibrant business district. The surrounding area is home to prominent national tenants such as McDonald's,...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Domino's Pizza, Inc., commonly known as Domino’s, is an American multinational pizza restaurant chain founded in 1960 by Tom Monaghan and his brother, James in Ypsilanti, MI, near Eastern...


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Traffic

Collection Street Cross Street Year Traffic Vol Distance
US Hwy 98 Sumrall Rd 2006 23,000 0.12 mi
McDaniel St 2021 15,000 0.29 mi
Hwy 98 E Sumrall Rd 2018 15,000 0.29 mi
Columbia Purvis Rd W Payton Rd 2006 4,200 0.43 mi
Columbia Purvis Road W Payton Rd 2021 50 0.46 mi
South Park Avenue B St 2021 4,900 0.55 mi
Old Hwy 98 E Clearview Dr 2006 3,600 0.62 mi
Broad Street Clearview Dr 2018 3,500 0.62 mi
Hwy 13 S Jims Rd 2006 8,300 0.66 mi
Jims Rd 2021 3,300 0.66 mi

Listing Broker

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