Skip to main content

Restaurant

Friendly's

18 Pearson Blvd, Gardner, MA 01440

Listing Price: $2,370,000

Cap Rate
5.75%
Tenant Name
Friendly’s Restaurants Co, LLC
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
3,634
Lease Type
Absolute Net
Rent Per Square Feet
$37.50

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.

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

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s) MA: 1000485

    Massachusetts

Restaurant

Friendly's

Listing Price: $2,370,000

Cap Rate
5.75%
Tenant Name
Friendly’s Restaurants Co, LLC
Years Remaining On Lease
14.8
Guarantor
Corporate Guarantee
Rentable SF
3,634
Lease Type
Absolute Net
Rent Per Square Feet
$37.50

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.

Exclusively Listed By

Broker of Record

  • Thomas Shihadeh

    Vice President/Regional Manager

    (617) 896-7220

    License(s): MA: 1000485

    Massachusetts

MM Texture Background
MM Textured Background Lower