18 Pearson Blvd Gardner, MA 01440-3910
- Turn key restaurants
- 4,186 SF
- 0.92 lot acres
Apr 24, 2025
Current Use by Public Records
- Friendly's / American Restaurant / Diner
- MrBeast Burger / Hamburger Restaurant
- American Air Inc / Air Duct Cleaning Service / Corporate Office
Property Details for 18 Pearson Blvd
- Year built
- 1986
- Construction
- FRAME
- Lot size
- 0.92 lot acres
- Property size
- 4,186 SF
- Property type
- Turn key restaurants
- APN
- GARD M:R17 B:4 L:14A
- APU
- GARDMR17B4L14A
Description
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,660,000
- ML approach
- $1,680,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Gardner
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.9792
- Latitude
- 42.5664
- CBSA code
- 49340
- CBSA name
- WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
