Eight Years Remaining on Initial 10-Year Lease – Recently executed 10-year lease commencing April 2024, with approximately eight years remaining and one 5-year renewal option.
Rare 5% Annual Rental Increases – Strong annual increases provide built-in income growth and inflation protection.
Significant Recent Renovations – Galax was fully renovated in 2020, Radford underwent an extensive remodel in 2018, and Princeton received significant improvements in 2019, including new roofs at all both locations.
Attractive Rent-to-Sales Ratios – Strong store performance supports long-term tenant stability: Galax 7.48%, and Radford 4.77%.
Strong Franchisee Guarantee – Blue Ridge MTN Pizza LLC operates 50 Domino’s locations across Virginia, West Virginia, and Tennessee, providing experienced multi-unit franchisee backing.
Recession-Resistant Tenant – Domino’s affordable menu, delivery platform, and broad customer base support demand across varying economic conditions.
Primary Thoroughfare Locations – Each property is positioned along a primary arterial roadway, providing strong visibility, accessibility, and traffic exposure.
Long Operating History – Domino’s has maintained a successful operating presence across the two locations for more than 30 years, demonstrating sustained customer demand, proven site performance, and long-term commitment to each market. The Galax, VA location has operated since 1992, and Radford, VA since 1990.