Restaurant

Domino's

912 W Michigan Ave, Marshall, MI 49068

Listing Price: $1,266,000

Cap Rate
5.60%
Tenant Name
Domino's
Years Remaining On Lease
14.5
Gross SF
1,440
Guarantor
Franchisee Guarantee
Rentable SF
1,440
Price/Gross SF
$879.17
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.22

Investment Overview

Marcus & Millichap is pleased to offer this newly developed Dominos property on a 15-year triple-net lease with one of the top franchisees in the United States. The building was constructed and opened in 2019. It includes a drive-thru window. The property is located in Marshall, Michigan between downtown and the primary shopping district near Interstate 69. Nearby retailers and restaurants include Goodwill, Save A Lot, Family Fare Supermarket, Applebees, O'Reilly Auto Parts and Ace Hardware.

The franchisee currently operates 13 stores in Central Michigan and has been part of the Dominos system for 21 years. From 2017-2019 he earned the Golden Franny award, top 1 percent of all franchisees. The lease includes a personal guarantee.

Marshall, a county seat, is located in south-central Michigan in Calhoun County. The county population is 135,000 with a majority of the population living in Battle Creek, 12 miles west of Marshall. Major county employers include Oaklawn Hospital, Tenneco (automotive parts), Eaton (automotive research and development), Marshall Excelsior (brass fittings) and BorgWarner (propulsion technology).

About Dominos Pizza
Founded in 1960, Dominos Pizza is the largest pizza company in the world based on retail sales, with a significant business in both delivery and carryout pizza. It ranks among the worlds top public restaurant brands with a global enterprise of more than 17,000 stores in over 90 markets. Dominos had global retail sales of over $14.3 billion in 2019, with over $7.0 billion in the United States and nearly $7.3 billion internationally. In the first quarter of 2020, Dominos had global retail sales of over $3.4 billion, with over $1.7 billion in the United States and over $1.7 billion internationally. Its system is comprised of independent franchise owners who accounted for 98 percent of Domino's stores as of the end of the first quarter of 2020. Emphasis on technology innovation helped Dominos achieve more than half of all global retail sales in 2019 from digital channels, primarily online ordering and mobile applications. In the United States. Dominos generates over 65 percent of sales via digital channels and has developed several innovative ordering platforms, including those developed for Google Home, Facebook Messenger, Apple Watch, Amazon Echo and Twitter as well as Dominos Hotspots, an ordering platform featuring over 200,000 unique, non-traditional delivery locations. In June 2019, through an announced partnership with Nuro, Dominos furthered its exploration and testing of autonomous pizza delivery. In late 2019, Dominos opened the Dominos Innovation Garage adjacent to its headquarters in Ann Arbor, Michigan to fuel continued technology and operational innovation while also launching its GPS technology, allowing customers to follow the progress of the delivery driver from store to doorstep.

Investment Highlights

  • 15-Year NNN Lease
  • Multi-Unit Operator for 21 Years
  • Earned Franchise Award Three Years - Top 1 Percent
  • 17,000 Stores in 90 Markets - $14.3B in Sales
  • Corner Lot Adjacent to New O'Reilly's
  • New Build-to-Suit with Drive-Thru

Exclusively Listed By

Listing Price: $1,266,000

Cap Rate
5.60%
Tenant Name
Domino's
Years Remaining On Lease
14.5
Gross SF
1,440
Guarantor
Franchisee Guarantee
Rentable SF
1,440
Price/Gross SF
$879.17
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$49.22

Investment Highlights

  • 15-Year NNN Lease
  • Multi-Unit Operator for 21 Years
  • Earned Franchise Award Three Years - Top 1 Percent
  • 17,000 Stores in 90 Markets - $14.3B in Sales
  • Corner Lot Adjacent to New O'Reilly's
  • New Build-to-Suit with Drive-Thru

Investment Overview

Marcus & Millichap is pleased to offer this newly developed Dominos property on a 15-year triple-net lease with one of the top franchisees in the United States. The building was constructed and opened in 2019. It includes a drive-thru window. The property is located in Marshall, Michigan between downtown and the primary shopping district near Interstate 69. Nearby retailers and restaurants include Goodwill, Save A Lot, Family Fare Supermarket, Applebees, O'Reilly Auto Parts and Ace Hardware.

The franchisee currently operates 13 stores in Central Michigan and has been part of the Dominos system for 21 years. From 2017-2019 he earned the Golden Franny award, top 1 percent of all franchisees. The lease includes a personal guarantee.

Marshall, a county seat, is located in south-central Michigan in Calhoun County. The county population is 135,000 with a majority of the population living in Battle Creek, 12 miles west of Marshall. Major county employers include Oaklawn Hospital, Tenneco (automotive parts), Eaton (automotive research and development), Marshall Excelsior (brass fittings) and BorgWarner (propulsion technology).

About Dominos Pizza
Founded in 1960, Dominos Pizza is the largest pizza company in the world based on retail sales, with a significant business in both delivery and carryout pizza. It ranks among the worlds top public restaurant brands with a global enterprise of more than 17,000 stores in over 90 markets. Dominos had global retail sales of over $14.3 billion in 2019, with over $7.0 billion in the United States and nearly $7.3 billion internationally. In the first quarter of 2020, Dominos had global retail sales of over $3.4 billion, with over $1.7 billion in the United States and over $1.7 billion internationally. Its system is comprised of independent franchise owners who accounted for 98 percent of Domino's stores as of the end of the first quarter of 2020. Emphasis on technology innovation helped Dominos achieve more than half of all global retail sales in 2019 from digital channels, primarily online ordering and mobile applications. In the United States. Dominos generates over 65 percent of sales via digital channels and has developed several innovative ordering platforms, including those developed for Google Home, Facebook Messenger, Apple Watch, Amazon Echo and Twitter as well as Dominos Hotspots, an ordering platform featuring over 200,000 unique, non-traditional delivery locations. In June 2019, through an announced partnership with Nuro, Dominos furthered its exploration and testing of autonomous pizza delivery. In late 2019, Dominos opened the Dominos Innovation Garage adjacent to its headquarters in Ann Arbor, Michigan to fuel continued technology and operational innovation while also launching its GPS technology, allowing customers to follow the progress of the delivery driver from store to doorstep.

Exclusively Listed By

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