1031 NNN, Northeast Region

Property Description

1031 NNN property ideal for 1031 Exchange.

• Long term NNN corporate lease

• Friendly Ice Cream Corporation (formerly FRN on AMEX) was established in 1935

• The company has 515 restaurant locations with over $500 million in annual revenue

• Properties are located in Friendlys core Northeastern markets

• Company supplies ice cream to over 4,000 supermarkets

• Strong brand recognition

• Located on a signalized corner

• NNN Site is located a mile from the a mall and nearby other major retailers such as Super Wal-Mart, Sams Club, Best Buy, Kohls, etc.

Friendly Ice Cream Corporation is a vertically integrated restaurant company serving signature sandwiches, entrees and ice cream desserts in a friendly, family environment in 515 company and franchised restaurants throughout the Northeast. The Company also manufactures ice cream, which is distributed through more than 4,000 supermarkets and other retail locations. With a 72-year operating history, Friendly's enjoys strong brand recognition and is currently remodeling its restaurants and introducing new products to grow its customer base.

The subject NNN property fronts a Route which carries an annual average daily traffic count of 27,520 cars per day past the site. There are more than 61,000 people with an average household income of over $66,000 within a five mile radius of the site.

How do you make an offer on a 1031 NNN property?

A 1031 NNN property is typically offered on by the use of a non-binding Letter of Intent that we can help you with.

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Capital Gains

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