Colliers is pleased to offer the opportunity to purchase a sale-leaseback of a Domino’s located at 925 Hwy 98 E, Columbia, MS 39429.
This is an opportunity to buy into a growing franchisee also experiencing 35% Year-over-year growth in his business. A new 10-year lease at very low rent will be created at the close of escrow. This is a passive investment, as Domino’s will execute an absolute NNN lease offering zero landlord responsibilities or expenses. There are 10% rental increases every 5 years in the base term of the lease and through the
five-year options to renew.
This property sits on the main retail corridor that runs east to west in the Southern section of Columbia, MS. The vast majority of the QSR’s in the market are performing at the top of their brands nationally. Brands in the market include McDonalds, Wendy’s, Taco Bell, Hardee’s, Burger King, Rajun Cajuns, and more.
The property is offered at $501,818 which translates.to a 5.50% cap rate on net operating income of $27,600