Marcus & Millichap is pleased to present the exclusive listing for a Friendly’s located at 562 North Main Street in East Longmeadow, MA. The site consists of roughly 2,047 rentable square feet of building space on estimated 0.48-acre parcel of land. The Friendly’s is subject to an absolute triple-net (NNN) lease, which has roughly 15.25 years of lease term remaining. The annual rent is $54,593 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.
About the Investment
Long Term Operating History of Approximately 60 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
Strong Rental Increases | Two Percent (2%) Annual Increases
Four (4), Five (5)-Year Tenant Renewal Options
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