Domino’s Refrigerated Distribution Center Portfolio of 4
4 Locations in GA, FL, NC, CO -
LTV (Loan to Value) | 65.00% | Current NOI | $1,948,000.00 |
Interest Rate | 4.250% | Capital Rate | 5.750% |
Fixed Term | 10 Years | Land Area | |
Amortization | 25 Years | Lease Type | |
Loan Amount | $22,020,869.00 | Property Type | |
Payment | $119,295.44 | Property Lease | |
Bulding Size | 158,703 SF | Remaining Terms |
Location Description
NNN Lenders is pleased to present the rare opportunity to acquire a 158,225 SF portfolio consisting of four, extremely well located single-tenant refrigerated distribution and warehouse buildings leased to Domino's Pizza, the second largest pizza restaurant chain in the world. The properties are located in strong industrial distribution submarkets which were built to suit for Domino's and play a mission critical operating role to their supply chain. The portfolio has an average weighted lease term of approximately 12 years. This long lease term adds significant value to the asset by ensuring a secure, uninterrupted, long-term source of income, and enhances the ability to procure attractive financing. The lease is guaranteed by Domino's Pizza Master Issuer LLC, which has a credit rating of Baa from Moody's Investors Service. These properties are free and clear of financing. Additionally, each of the Properties boasts expansion space.
Highlights
Investment Grade Tenant Credit – Leases are guaranteed by Domino’s Pizza, Inc. (NYSE: DPZ), which has a credit rating of…
Property Description
Denver, CO; Raleigh, NC; Orlando, FL; Atlanta, GAMission-critical operational facilities for Domino’s in strategic locationsExtra land available at each facility with existing plans to add additional space when Domino’s requires additional capacity; designs were created to enable Dominos to continue operations during constructionExcellent transportation accessRare opportunity to acquire a significant number of Dominos (4/16) domestic facilities