18 Pearson Blvd Gardner, MA 01440-3910
Property Lookup
Property profile & analytics
18 Pearson Blvd Gardner, MA 01440-3910
- Turn key restaurants
- 4,186 SF
- 0.92 lot acres
Property ID
US38-0652460
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Friendly's / Restaurant
- MrBeast Burger / Restaurant
- American Air Inc / 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
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,660,000
- ML approach
- $1,680,000
Get a detailed, property-specific estimation — 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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$7,576
$159,100
$346,300
$505,400
-
$0.00
$0.00
$0.00
