Domino's NNN Investment - Spencer, MA | 13 Pleasant St
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Domino's NNN Investment - Spencer, MA 13 Pleasant St
1,368 SF Retail Building Spencer, MA 01562 $825,000 ($603/SF) 6.55% Cap Rate
Investment Highlights
- The location offers carryout, delivery and features a pickup window for carryout customers who want a quick grab and go option.
- This well-located and visible property is in the center of Spencer, MA adjacent to Price Chopper Supermarket and CVS Pharmacy.
- Spencer benefits from its proximity to Worcester and is home to many major retail establishments
- The lease currently has 7.5 +/- years remaining with an expiration date of January 31, 2032.
- Tenant is a multi-unit operator of Domino’s (15 total).
Executive Summary
Opportunity to purchase this Domino’s NNN leased investment property located at 13 Pleasant Street in Spencer, MA. A multi-unit franchisee operates this Domino’s which opened for business in 2021 after substantial interior & exterior building renovations to this former bank. This new Domino’s features the pizza theater store design which is an open concept that allows customers to watch their pizza being made. The location offers carryout, delivery and features a pickup window for carryout customers who want a quick grab-and-go option after placing their order online or over the phone. The lease currently has 7.5 +/- years remaining with an expiration date of January 31, 2032. The tenant, Spencer Pie Company, Inc. assumed this lease on August 28th, 2023 and is a multi-unit operator of Domino’s (15 total). The lease is personally guaranteed by the owner of Spencer Pie Company, Inc.
This well-located and visible property is in the center of Spencer, MA adjacent to Price Chopper Supermarket and CVS Pharmacy. The property has great frontage, ample parking, and convenient access. Spencer benefits from its proximity to Worcester and is home to many major retail establishments including Price Chopper, CVS Pharmacy, Big Y Supermarket, Advance Auto Parts, Family Dollar, Dunkin, Dairy Queen, Webster First FCU, Klem’s, McDonald’s and more.
This well-located and visible property is in the center of Spencer, MA adjacent to Price Chopper Supermarket and CVS Pharmacy. The property has great frontage, ample parking, and convenient access. Spencer benefits from its proximity to Worcester and is home to many major retail establishments including Price Chopper, CVS Pharmacy, Big Y Supermarket, Advance Auto Parts, Family Dollar, Dunkin, Dairy Queen, Webster First FCU, Klem’s, McDonald’s and more.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,368 SF
Year Built/Renovated
1988/2020
Price
$825,000
Price Per SF
$603
Cap Rate
6.55%
NOI
$54,038
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.52 AC
Opportunity Zone
Yes
Parking
17 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
120 FT on Pleasant St
Walk Score ®
Very Walkable (71)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | SPEN-000013U-000102 | Improvements Assessment | $284,700 |
Land Assessment | $54,600 | Total Assessment | $339,300 |
PROPERTY TAXES
Parcel Number
SPEN-000013U-000102
Land Assessment
$54,600
Improvements Assessment
$284,700
Total Assessment
$339,300
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Domino's NNN Investment - Spencer, MA | 13 Pleasant St
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