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Friendly’s

Holyoke, Massachusetts

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Marcus & Millichap is pleased to present the exclusive listing for a Friendly’s located at 1745 Northampton Street in Holyoke, MA. The site consists of roughly 2,410 rentable square feet of building space on estimated 0.43 parcel of land. The Friendly’s is subject to an absolute triple-net (NNN) lease, which has roughly 16+ years of lease term remaining. The annual rent is $78,859 and is set to increase by two percent (2%) annually starting in 2026, throughout the remainder of the lease term and in the four (4), five (5)-year tenant renewal options.


Seller and Purchaser hereby acknowledge that investors in the Seller entity are agents, members, and principals with NNN Properties LLC and licensed in the State of New York. Seller and Purchaser hereby waive any claim of conflict of interest based upon NNN Properties LLC’s agents working in a role as both agent and principal of Seller.

About the Investment:

  • Long Term Operating History of Almost 71 Years!
  • New 16+ Year Absolute Triple Net (NNN) Lease
  • Corporately Guaranteed by Friendly’s Parent Company Amici Partners Group
  • Strong Rental Increases | Two Percent (2%) Annually Starting 2026
  • Four (4), Five (5)-Year Tenant Renewal Options

About the Location:

  • Dense Retail Corridor| Walgreens, CVS Pharmacy, Dollar Tree, Dunkin’ Donuts, Chester’s Chicken, Goodyear, Meineke, and Many More
  • Exceptional Location Fundamentals | Approximately Nine-Miles From Springfield, MA | Third Largest City in Massachusetts
  • Strong Demographics | Population Exceeds 128,600 Individuals Within a Five-Mile Radius
  • Positive Real Estate Fundamentals | Holyoke is part of the Springfield Metropolitan Area | Total Population Exceeds 699,100 Individuals
  • Strong Traffic Counts | Over 69,000 and 16,100 Vehicles Per Day Along I-91 and Cherry Street
  • Strong Academic Presence | Holyoke Community College | Total Enrollment Exceeds 6,500 Students | Two-Miles From Subject Property
  • Holyoke Medical Center | 219-bed General Hospital | Over 1,300 Employees | Less Than One-Mile Away From Subject Property

About the Tenant/Brand:

  • Founded in 1935 in Springfield, Massachusetts, By the Blake Brothers Prestley and Curtis
  • A Total of 130 Friendly’s are Spread Across Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, South Carolina, Vermont, and Virginia
  • Offers A Diner-Style Cuisine and Highlights Its 22 Ice Cream Flavors; Many Locations Offer An Ice-Cream Only Take-Out Window Alongside of the Table Service Option

Key Details

Price:
$1,502,076
Cap Rate:
5.25%
Annual Rent:
$78,859
Address:
1745 Northampton St, Holyoke, Massachusetts 01040
Property Type:
Net Leased Restaurant
Lease Type:
Absolute Triple-Net (NNN)

Lease Commencement:
10/15/2021
Lease Expiration:
12/31/2037
Lease Term Remaining:
16+ Years
Rental Increases:
Two Percent (2%) Annually Starting 2026
Lot Size:
+/- 0.43 Acres
Building Size:
2,410 SF
Year Built:
1950
Tenant:
Friendly’s

Broker of record

Thomas Shihadeh

License: 1000485


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