November 6, 2024 – Jason Woods and Rob DiFranco of Horvath & Tremblay have successfully completed the sale of Domino’s in Pepperell, Massachusetts. Horvath & Tremblay exclusively represented the buyer to complete the transaction at a sale price of $960,000.
Domino’s is located at 116-118 Main Street in Pepperell, Massachusetts. Originally constructed in 1972, the 2,146 square foot building sits on a 0.389-acre corner parcel; Domino’s opened for business in 2021, following extensive renovations to the interior and exterior of the building and featuring the “pizza theater” store design, an open concept that allows customers to watch their pizza being made. Pizza Hut has 16 years remaining on their lease with two (2), 5-year renewal options. The Pizza Hut lease calls for attractive 2% annual rent increases throughout the primary lease term and renewal options. The lease is Double Net, with the tenant responsible for all operating expenses at the property; the landlord is solely responsible for roof & structure. The location is operated by a multi-unit franchisee with 15 locations. Pizza Hut is situated at the intersection of Main Street and Mill Street in Pepperell’s town center. The Property is across the street from Cumberland Farms and is in close proximity to 7-Eleven, Walgreens, Dunkin’, and an array of local businesses and municipal offices that serve the community.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.