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Friendly's 18 Pearson Blvd

4,186 SF Retail Building Gardner, MA 01440 $2,025,000 ($484/SF) 7% Cap Rate

Restaurants Massachusetts Gardner 18 Pearson Blvd, Gardner, MA 01440

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 $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.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,186 SF
Building Class
C
Year Built
1986
Price
$2,025,000
Price Per SF
$484
Cap Rate
7%
NOI
$141,770
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.92 AC
Parking
51 Spaces (12.18 Spaces per 1,000 SF Leased)
Frontage
152 FT on Pearson Blvd

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Signalized Intersection
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18 Pearson Blvd, Gardner, MA - aerial map view

Nearby Major Retailers

Planet Fitness
Blimpie
TD Banknorth
Friendly's Ice Cream Shop
Bank of America
Aldi
Rent-A-Center
D'angelo Grilled Sandwiches
Price Chopper
Ninety Nine Restaurant & Pub

PROPERTY TAXES

Parcel Number GARD-000017R-000004-000014A Improvements Assessment $346,300
Land Assessment $159,100 Total Assessment $505,400

PROPERTY TAXES

Parcel Number
GARD-000017R-000004-000014A
Land Assessment
$159,100
Improvements Assessment
$346,300
Total Assessment
$505,400
(332) 345-4222

Contacts

  • Listing ID: 30644589

  • Date on Market: 1/12/2024

  • Last Updated:

  • Address: 18 Pearson Blvd, Gardner, MA 01440

More public record information on 18 Pearson Blvd, Gardner, MA 01440

The Retail Property at 18 Pearson Blvd, Gardner, MA 01440 is currently available for sale. Contact NNN Pro Group for more information.

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18 Pearson Blvd, Gardner, MA for sale Building Photo- Image 1 of 3
pic 1 for both friendlys
18 Pearson Blvd, Gardner, MA for sale Aerial- Image 2 of 3
pic 2 Gardner friendly

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Friendly's | 18 Pearson Blvd
(332) 345-4222 x

Friendly's | 18 Pearson Blvd

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Glen Kunofsky

(332) 345-4222

(332) 345-4222

Anthony D'Ambrosia

(203) 887-8797

(203) 887-8797

Josh Kanter

(617) 865-1145

(617) 865-1145

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