Domino's Pizza - Illinois Ave
DuWest is marketing Domino's Pizza - Illinois Ave at 2419 W Illinois Avenue, Dallas, TX, 75233. This is Commercial, For Sale, 3,028 square feet. The listing brokerage is DuWest. DuWest currently markets 46 other active listings in Dallas.
Description
Domino's Pizza - Illinois Ave is a 3,028-square-foot Commercial property for sale at 2419 W Illinois Avenue, Dallas, TX, 75233. DuWest Investment Services has been exclusively retained to present the opportunity toacquire Domino’s Pizza – Illinois Avenue (“The Property”), a 3,028 SF single tenant net lease retail property located in southwest Dallas. The Property is located at the intersection of W Illinois Avenue and S Hampton Road seeing approximately 55,000 combined vehicles per day. In February 2018, Domino’s became the largest pizza seller worldwide in terms of sales. The current Domino’s franchisee has leased the space since 2018, but Domino’s has operated in this location since 1985. The current Domino’s operator and guarantor has been a franchisee for approximately 33 years and currently owns 87 Domino’s locations across three states. This particular location on Hampton and Illinois has a strong history of sales growth and an excellent occupancy cost. For the years from 2018 to 2020, Domino’s Pizza reported same-store sales growth of 6.6%, 3.2%, and 11.5%, respectively. Moreover, the company reported its same-store sales climbed 3.5% in its latest quarter, despite tough comparisons to its skyrocketing sales during lockdowns last year. Domino’s has 7 years remaining term, with embedded rental increases throughout the hold period creating 7% growth in NOI. Their current market rent is approximately 30% lower than average rates in the market and the tenant has no renewal options remaining. The acquisition of Domino’s Pizza – Illinois Avenue offers investors a strong, incremental income stream with the ability to push the rent aggressively in the next renewal. With a proven sales history and an emerging submarket, the Property offers a steady cash flow with a single, net lease tenant. DuWest is marketing the property. DuWest has 46 other active for sale listings in Dallas.
Questions this page answers
- Who is marketing Domino's Pizza - Illinois Ave?
- DuWest is marketing Domino's Pizza - Illinois Ave at 2419 W Illinois Avenue, Dallas, TX, 75233.
- Where is Domino's Pizza - Illinois Ave?
- Domino's Pizza - Illinois Ave is at 2419 W Illinois Avenue, Dallas, TX, 75233.
- What city is Domino's Pizza - Illinois Ave in?
- Domino's Pizza - Illinois Ave is in Dallas, TX.
- How large is Domino's Pizza - Illinois Ave?
- Domino's Pizza - Illinois Ave is 3,028 square feet.
- How many square feet is Domino's Pizza - Illinois Ave?
- Domino's Pizza - Illinois Ave is 3,028 square feet.
- What listing type is Domino's Pizza - Illinois Ave?
- Domino's Pizza - Illinois Ave is marketed as For Sale in Dallas, TX.
- What type of property is Domino's Pizza - Illinois Ave?
- Domino's Pizza - Illinois Ave is a Commercial.
- Is Domino's Pizza - Illinois Ave a commercial listing?
- Yes. DuWest markets Domino's Pizza - Illinois Ave as a commercial listing.
- Are there similar listings in Dallas?
- Yes. DuWest currently markets 5 other For Sales in Dallas.
- Which other For Sale does DuWest have in Dallas?
- DuWest also markets Mockingbird & Greenville, Freestanding Building w/ Drive-Thru - Greenville Ave., SOLD | 2208 W Northwest Hwy., and Midway Crossing, plus 1 more in Dallas.
- How many listings does DuWest have in Dallas?
- DuWest currently markets 47 active listings in Dallas, including Domino's Pizza - Illinois Ave.
- Who else at DuWest works in Dallas?
- Adam Smith, Alex Speed Throckmorton, Andrew Barnes, Anna Haggar, and Austin Schenkel are also based in Dallas.
- Which DuWest office is in Dallas?
- The Dallas, TX office at 4403 N. Central Expressway, Suite 200, Dallas, TX 75205, 214-720-0004.
- How long has Domino's Pizza - Illinois Ave been on the market?
- Domino's Pizza - Illinois Ave was listed 2021-10-14.
- What is the listing status of Domino's Pizza - Illinois Ave?
- Domino's Pizza - Illinois Ave is currently Closed.
- Can DuWest help me lease similar space?
- Yes. DuWest offers Project Leasing, Tenant Representation, Investment Sales, Land Brokerage, Property Management, and Development Services.
- How do I contact DuWest about Domino's Pizza - Illinois Ave?
- Ask DuWest about Domino's Pizza - Illinois Ave by calling 214-720-0004 or contact@duwestre.com.
- What does the listing note about Domino's Pizza - Illinois Ave?
- Domino's Pizza - Illinois Ave is a 3,028-square-foot Commercial property for sale at 2419 W Illinois Avenue, Dallas, TX, 75233. DuWest Investment Services has been exclusively retained to present the opportunity toacquire Domino’s Pizza – Illinois Avenue (“The Property”), a 3,028 SF single tenant net lease retail property located in southwest Dallas. The Property is located at the intersection of W Illinois Avenue and S Hampton Road seeing approximately 55,000 combined vehicles per day. In February 2018, Domino’s became the largest pizza seller worldwide in terms of sales. The current Domino’s franchisee has leased the space since 2018, but Domino’s has operated in this location since 1985. The current Domino’s operator and guarantor has been a franchisee for approximately 33 years and currently owns 87 Domino’s locations across three states. This particular location on Hampton and Illinois has a strong history of sales growth and an excellent occupancy cost. For the years from 2018 to 2020, Domino’s Pizza reported same-store sales growth of 6.6%, 3.2%, and 11.5%, respectively. Moreover, the company reported its same-store sales climbed 3.5% in its latest quarter, despite tough comparisons to its skyrocketing sales during lockdowns last year. Domino’s has 7 years remaining term, with embedded rental increases throughout the hold period creating 7% growth in NOI. Their current market rent is approximately 30% lower than average rates in the market and the tenant has no renewal options remaining. The acquisition of Domino’s Pizza – Illinois Avenue offers investors a strong, incremental income stream with the ability to push the rent aggressively in the next renewal. With a proven sales history and an emerging submarket, the Property offers a steady cash flow with a single, net lease tenant. DuWest is marketing the property. DuWest has 46 other active for sale listings in Dallas.