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Restaurant

Friendly's

815 NY-146, Clifton Park, NY 12065

Listing Price: $2,460,000

Cap Rate
5.50%
Tenant Name
Friendly’s Restaurants Co, LLC
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
4,362
Lease Type
Tenant at Will
Rent Per Square Feet
$31.02

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Friendly’s located at 815 Route 146 in Clifton Park, NJ. The site consists of roughly 4,362 rentable square feet of building space on estimated 1.24-acre parcel of land. The Friendly’s is subject to a 17-year absolute triple-net (NNN) lease, which has roughly 15.25 years of lease term remaining. The annual rent is $135,301 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

  • Site Has Operated as a Friendly's for at Least 17 Years
  • New 17 Year Absolute Triple Net (NNN) Lease with Roughly 15.25 Years Remaining
  • Corporately Guaranteed by Friendly's Parent Company Amici Partners Group

Exclusively Listed By

Restaurant

Friendly's

Listing Price: $2,460,000

Cap Rate
5.50%
Tenant Name
Friendly’s Restaurants Co, LLC
Years Remaining On Lease
14.9
Guarantor
Corporate Guarantee
Rentable SF
4,362
Lease Type
Tenant at Will
Rent Per Square Feet
$31.02

Investment Highlights

  • Site Has Operated as a Friendly's for at Least 17 Years
  • New 17 Year Absolute Triple Net (NNN) Lease with Roughly 15.25 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 815 Route 146 in Clifton Park, NJ. The site consists of roughly 4,362 rentable square feet of building space on estimated 1.24-acre parcel of land. The Friendly’s is subject to a 17-year absolute triple-net (NNN) lease, which has roughly 15.25 years of lease term remaining. The annual rent is $135,301 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.

Exclusively Listed By

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