13 Pleasant St, Spencer, MA 01562

1,368 SF | Retail Building | Spencer, MA 01562 | $861,104 ($629/SF) | 6% Cap Rate

Asking Price $861,104

Property Type: Retail, Restaurant
Square Feet: 1,368 SF
Price / Square Foot: $629

Listing Contacts

Chris McMahon

Travis Ginsberg

Gabrielle Siddiqi

Property 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.

Property Details

Year Built/Renovated: 1988/2020
Stories: 1
Lot Size (sq. ft): 22,651 SF

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

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