18 Pearson Blvd - Restaurant FOR SALE


Gardner, MA 01440
$2,025,000 USD
332-345-4222
18 Pearson Blvd, Gardner, MA for Sale
$2,025,000 USD
Restaurant - FOR SALE
1/2
null | 7% Cap Rate

18 Pearson Blvd
Gardner, MA 01440


HIGHLIGHTS

  • 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

OVERVIEW

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 $141,770 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.

FOR SALE DETAILS

PRICE

$2,025,000 USD

PRICE/SF

$484 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Friendly's

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

51

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,151 SF

ZONING

-

APN/PARCEL ID

GARD-000017R-000004-000014A

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.