13 Pleasant St - Restaurant FOR SALE


Spencer, MA 01562
$825,000 USD
781-862-9700
13 Pleasant St, Spencer, MA for Sale
$825,000 USD
Restaurant - FOR SALE
1/5
null | 6.55% Cap Rate

13 Pleasant St
Spencer, MA 01562


HIGHLIGHTS

  • The location offers carryout, delivery and features a pickup window for carryout customers who want a quick grab and go option.
  • The lease currently has 7.5 +/- years remaining with an expiration date of January 31, 2032.
  • This well-located and visible property is in the center of Spencer, MA adjacent to Price Chopper Supermarket and CVS Pharmacy.
  • Tenant is a multi-unit operator of Domino’s (15 total).
  • Spencer benefits from its proximity to Worcester and is home to many major retail establishments

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$825,000 USD

PRICE/SF

$603 USD /SF

CAP RATE

6.55%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Domino's NNN Investment - Spencer, MA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1988

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

LAND ACRES

0.52 AC

LAND SF

22,651 SF

ZONING

-

APN/PARCEL ID

SPEN-000013U-000102

ASK ABOUT THIS PROPERTY

Chris McMahonSummit Realty PartnersMore Info
781-862-9700

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Chris McMahonSummit Realty PartnersMore Info
781-862-9700

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.