Restaurant
Friendly's
18 Pearson Blvd, Gardner, MA 01440
Listing Price: $2,370,000
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Friendly’s located at 18 Pearson Boulevard in Gardner, MA. The site consists of roughly 3,634 rentable square feet of building space on estimated 0.90-acre parcel of land. The Friendly’s is subject to an absolute triple-net (NNN) lease, which has roughly 15.75 years of lease term remaining. The annual rent is $136,265.47 and is set to increase by two percent (2%) annually throughout the remainder of the lease term and in the four (4), five (5)-year tenant renewal options.
Listing Price: $2,370,000
Investment Highlights
- Long Term Operating History of Roughly 35 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 18 Pearson Boulevard in Gardner, MA. The site consists of roughly 3,634 rentable square feet of building space on estimated 0.90-acre parcel of land. The Friendly’s is subject to an absolute triple-net (NNN) lease, which has roughly 15.75 years of lease term remaining. The annual rent is $136,265.47 and is set to increase by two percent (2%) annually throughout the remainder of the lease term and in the four (4), five (5)-year tenant renewal options.
