FRIENDLY’S

Back to your search results

FRIENDLY’S

94 Elm Street Enfield CT Hartford

Sales Price: $2,334,480

Cap Rate: 6.25%

Lease Expiration: 6/30/2030

Contact Person(s): Daniel Kukes
Maxwell Lippitt
Kevin Baker
Jason Greenspan

Description:

STRONG STORE SALES

  • This is an above average performing Friendly’s – contact broker for details.
  • The Rent to Sales ratio is just under 8%, indicating an extremely profitable location.

LONG STANDING, SUCCESSFUL TENANT

  • Friendly’s has been operating at this location since 1980, they recently signed a new 10-year renewal in 2019 demonstrating their commitment to this site.
  • Friendly’s reports an annual revenue at $235M with 167 locations and over 10,000 employees.

GROUND LEASE

  • Minimal Landlord responsibilities.

PRIME FREEWAY EXPOSURE

  • Friendly’s is one of the first visible restaurants as you enter the corridor off the I-91 off ramp (77,984 cpd).

ROBUST RETAIL CORRIDOR

  • The subject property is an outparcel to Enfield Square, a 787,000 SF regional mall. Retailers in the corridor include: Costco, Home Depot, Kohl’s, Cinemark, Aldi, Marshalls, etc.

Building Size: 4,875 SF

Lot Size: 1.22 Acres

Zoning: BR

Demographic Info:

Radius: 1 Mile 3 Mile 5 Mile
Population Density: 6,562 37,380 83,363
Avg. HH Income: $74,776 $93,959 $112,368

LANDMARK INVESTMENT SALES – Licensed Real Estate Brokers. The information above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates are used for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction, the suitability of the property for your needs.