18 Pearson Blvd, Gardner, MA 01440-3910

This exceptional investment opportunity presents a fee-simple ownership of a Friendly's restaurant located at 18 Pearson Blvd, Gardner, MA 01440. The property boasts 3,634 square feet on a 0.9-acre lot, built in 1986. Currently operating under a corporate-guaranteed absolute triple-net (NNN) lease with a remaining term of approximately 13.1 years (expiring December 31, 2037), this lease commenced October 15, 2021. The annual rent is $141,770, with a 2% annual increase built into the lease and four, five-year renewal options. The property generates a Net Operating Income (NOI) of $144,606, resulting in a compelling 7.14% cap rate. The asking price is $2,025,000, translating to $557.24 per square foot. This offering presents a rare chance to acquire a stable, high-performing retail asset with a long-term, secure lease and significant upside potential through built-in rent escalations. The tenant, Friendly's, enjoys a long operating history at this location, providing further confidence in the investment's stability. This is a 100% occupied, single-tenant property.