Restaurant
Friendly's
2502 W State St, Olean, NY 14760
Listing Price: $1,972,343
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Friendly’s located at 2502 West State Street in Olean, NY. The site consists of roughly 4,573 rentable square feet of building space on approximately 0.89-acre parcel of land. The investment opportunity is subject to a 20-year triple-net (NNN) lease with more than 11 years remaining. The lease has no landlord responsibilities. The current annual rent is $111,437, which is scheduled to increase by 1.50% annually and continuing throughout the remainder of the base term and each of the four (4), five (5)-year option periods.
Exclusively Listed By
Listing Price: $1,972,343
Investment Highlights
- More than 11 Years Remaining on a Triple-Net (NNN) Lease with Zero Landlord Responsibilities
- 1.50% Annual Increases
- Four (4), Five (5)-Year Tenant Renewal Options
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Friendly’s located at 2502 West State Street in Olean, NY. The site consists of roughly 4,573 rentable square feet of building space on approximately 0.89-acre parcel of land. The investment opportunity is subject to a 20-year triple-net (NNN) lease with more than 11 years remaining. The lease has no landlord responsibilities. The current annual rent is $111,437, which is scheduled to increase by 1.50% annually and continuing throughout the remainder of the base term and each of the four (4), five (5)-year option periods.
Exclusively Listed By
