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Restaurant

Friendly's

304 Mountain Ave, Hackettstown, NJ 07840

Listing Price: $1,165,714

Cap Rate
5.25%
Tenant Name
Friendly’s Restaurants Co, LLC
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
3,180
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.25

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Friendly’s located at 304 Mountain Avenue in Hackettstown, NH. The site consists of roughly 3,180 rentable square feet of building space on estimated 0.72-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 $60,000 and is set to increase by two percent (2%) every year and continue 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 45 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

  • John Horowitz

    First Vice President/ Division Manager

    (718) 475-4300

    License(s) NJ: 2192359

    New Jersey

Listing Price: $1,165,714

Cap Rate
5.25%
Tenant Name
Friendly’s Restaurants Co, LLC
Years Remaining On Lease
15.5
Guarantor
Corporate Guarantee
Rentable SF
3,180
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.25

Investment Highlights

  • Long Term Operating History of Approximately 45 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 304 Mountain Avenue in Hackettstown, NH. The site consists of roughly 3,180 rentable square feet of building space on estimated 0.72-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 $60,000 and is set to increase by two percent (2%) every year and continue 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

  • John Horowitz

    First Vice President/ Division Manager

    (718) 475-4300

    License(s): NJ: 2192359

    New Jersey

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