Property History
Part of the largest Domino’s Franchise in the United States, Domino’s has operated at this location for over 25 years
Tenant is responsible for all maintenance, taxes, and insurance
Over 6 years remaining on the primary term, with an additional 10 years in options (2 options of 5 years each)
Rent increases at each option by CPI not to exceed 10%
Drive-thru location which encourages carryout sales
New roof 2023
Delivers to New Orleans East production hub: Folgers Coffee, Fabourg Brewing, Reily Foods Company, and more
Note: Principal Broker of HMS Brokerage, LLC is related to member(s) of the selling entity
Domino’s Brand Info:
ANN ARBOR, Michigan, April 27, 2023:
Domino’s Pizza, Inc. (NYSE: DPZ), the largest pizza company in the world, announced results for the first quarter of 2023. Global retail sales grew 5.9% in the first quarter of 2023, excluding the negative impact of foreign currency. Without adjusting for the impact of foreign currency, global retail sales grew 2.2% in the first quarter of 2023.
U.S. same store sales grew 3.6% during the first quarter of 2023.
“As I reflect on the first quarter, I can’t help but be encouraged by the resilience of our business model and the competitive advantage our franchisees and team members bring to Domino’s Pizza,” said Russell Weiner, Domino’s Chief Executive Officer. “We grew by doing what we said we were going to do: drive value and step up our pace of innovation. Our continued evolution from a U.S. delivery business to a global pizza company with strength in both delivery and carryout keeps me bullish on our future.”
Revenues increased $13.2 million, or 1.3%, in the first quarter of 2023 as compared to the first quarter of 2022, primarily due to higher supply chain revenues attributable to increases in market basket pricing to stores.
Income from Operations increased $12.9 million, or 7.9%, in the first quarter of 2023 as compared to the first quarter of 2022 primarily due to higher franchise revenues, as well as lower general and administrative expenses.
Net Income increased $13.8 million, or 15.2%, in the first quarter of 2023 as compared to the first quarter of 2022 primarily due to higher income from operations of $12.9 million.
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