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Restaurant

Friendly's

445 Steinwehr Ave, Gettysburg, PA 17325

Listing Price: $1,682,908

Cap Rate
5.25%
Tenant Name
Friendly’s Restaurants Co, LLC
Years Remaining On Lease
15.6
Guarantor
Corporate Guarantee
Rentable SF
4,247
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.80

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Friendly’s located at 445 Steinwehr Avenue in Gettysburg, PA. The site consists of roughly 4,247 rentable square feet of building space on estimated 0.82-acre parcel of land. The Friendly’s is subject to an absolute triple-net (NNN) lease, which has roughly 15.5 years of lease term remaining. The annual rent is $88,353 and is set to increase by two percent (2%) annually starting in 2026, throughout the remainder of the lease term and in the four (4), five (5)-year tenant renewal options. Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.

Investment Highlights

  • Long Term Operating History of Approximately 34 Years!
  • New 16 Year Absolute Triple Net (NNN) Lease with Roughly 15.5 Years Remaining
  • Corporately Guaranteed by Friendly's Parent Company Amici Partners Group

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s) PA: RM424190

    Pennsylvania

Listing Price: $1,682,908

Cap Rate
5.25%
Tenant Name
Friendly’s Restaurants Co, LLC
Years Remaining On Lease
15.6
Guarantor
Corporate Guarantee
Rentable SF
4,247
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$20.80

Investment Highlights

  • Long Term Operating History of Approximately 34 Years!
  • New 16 Year Absolute Triple Net (NNN) Lease with Roughly 15.5 Years Remaining
  • Corporately Guaranteed by Friendly's Parent Company Amici Partners Group

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Friendly’s located at 445 Steinwehr Avenue in Gettysburg, PA. The site consists of roughly 4,247 rentable square feet of building space on estimated 0.82-acre parcel of land. The Friendly’s is subject to an absolute triple-net (NNN) lease, which has roughly 15.5 years of lease term remaining. The annual rent is $88,353 and is set to increase by two percent (2%) annually starting in 2026, throughout the remainder of the lease term and in the four (4), five (5)-year tenant renewal options. Certain principals of the selling entity, including but not limited to Glen Kunofsky and Nicoletti DePaul, are Exclusive Listing Agents and part fee-simple owners of the property. See back page for full disclosure.

Broker of Record

  • Sean Beuche

    Vice President/Regional Manager

    (215) 531-7000

    License(s): PA: RM424190

    Pennsylvania

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