Domino's Pizza | 925 Hwy-98 E
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Domino's Pizza 925 Hwy-98 E
1,260 SF Retail Building Columbia, MS 39429 £393,074 (£312/SF) 5.50% Net Initial Yield
Investment Highlights
- Located on the main retail corridor.
- Just south of Marion General Hospital
- In the heart of the business district
- Out lot to a Walmart
Executive Summary
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
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
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,260 SF
Building Class
C
Year Built
1993
Price
£393,074
Price Per SF
£312
Net Initial Yield
5.50%
NOI
£21,619
Tenancy
Single
Number of Floors
1
Building FAR
0.08
Lot Size
0.36 AC
Opportunity Zone
Yes
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 080-09-000-09-005.05 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £15,659 |
PROPERTY TAXES
Parcel Number
080-09-000-09-005.05
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£15,659
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Domino's Pizza | 925 Hwy-98 E
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