fbpx Skip to Content

Friendly’s

Gardner, Massachusetts

Map View

Street View

NNN Pro 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 14 years of lease term remaining. The annual rent is $144,606 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.

✓ Long Term Operating History of Roughly 35 Years!
✓ New 17 Year Absolute Triple Net (NNN) Lease with Roughly 14 Years Remaining
✓ Corporately Guaranteed by Friendly’s Parent Company Amici Partners Group
✓ Strong Rental Increases | Two Percent (2%) Annual Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options

Key Details

Price:
$2,142,311
Cap Rate:
6.75%
Annual Rent:
$144,606
Address:
18 Pearson Boulevard, Gardner, Massachusetts 01440
Property Type:
Net Leased Restaurant
Lease Type:
Absolute Triple-Net (NNN)

Lease Commencement:
10/15/2021
Lease Expiration:
12/31/2037
Lease Term Remaining:
~14 Years
Rental Increases:
Two Percent (2%) Annually
Lot Size:
+/- 0.90 Acres
Building Size:
3 SF
Year Built:
1986
Tenant:
Friendly’s

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Anthony D’Ambrosia

License: 10401294012

Josh Kanter

License: 10401294056

Ilan Bley

License: 10401372865

Broker of record

Brian Brockman

Bang Realty-New England, Inc

License: 1000169


Similar Properties

available

Redevelopment Opportunity

161 Main Avenue SW, Gardner, Massachusetts, 44481

available

Redevelopment Opportunity

352 East National Road, Gardner, Massachusetts, 45377

available

Dollar General

98158 US Hwy 59, Gardner, Massachusetts, 74955

available

Murphy USA

111 Farrow Drive, Gardner, Massachusetts, 22602