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Restaurant

Friendly's

1811 Boston Rd, Springfield, MA 01129

Listing Price: $2,125,485

Cap Rate
5.50%
Tenant Name
Friendly’s Restaurants Co, LLC
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
4,300
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.19

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Friendly’s located at 1811 Boston Rd in Springfield, MA. The site consists of roughly 4,300 rentable square feet of building space on estimated 0.95-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 $116,902 and is set to increase by two percent (2%) annually 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 Nearly 40 Years!
  • New 15.25 Year Absolute Triple Net (NNN) Lease
  • Corporately Guaranteed by Friendly's Parent Company Amici Partners Group

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) MA: 1000485

    Massachusetts

Listing Price: $2,125,485

Cap Rate
5.50%
Tenant Name
Friendly’s Restaurants Co, LLC
Years Remaining On Lease
15.2
Guarantor
Corporate Guarantee
Rentable SF
4,300
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$27.19

Investment Highlights

  • Long Term Operating History of Nearly 40 Years!
  • New 15.25 Year Absolute Triple Net (NNN) Lease
  • 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 1811 Boston Rd in Springfield, MA. The site consists of roughly 4,300 rentable square feet of building space on estimated 0.95-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 $116,902 and is set to increase by two percent (2%) annually 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.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): MA: 1000485

    Massachusetts

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