18 Pearson Blvd

Investment Highlights

Long Term Operating History of Roughly 35 Years! Corporately Guaranteed by Friendly?s Parent Company Amici Partners Group New 17 Year Absolute Triple Net (NNN) Lease with Roughly 14 Years Remaining

Executive Summary

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.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Restaurant
• Building Size    3,634
• Building Class    C
• Year Built    1986
• Price    2,142,311
• Price Per SF    590
• Cap Rate    6.75
• NOI    144,606
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.09
• Land Acres    0.92 AC

• Bus Line
• Dedicated Turn Lane
• Pylon Sign
• Signage
• Signalized Intersection