Property details
Capital Gains, Northeast Region
Property Description
Capital Gains deferral 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
What is Capital Gains tax?
Capital Gains tax is the taxes you pay on the gain realized from the sale of your properties. Capital Gains taxes can be deferred under 1031 and 133 capital gains tax deferred exchanges.
Other property related to Capital Gains
» Search for all properties related to Capital Gains by using our PROPERTY SEARCH, expand the Property Types, then check the boxes for "Net Lease" and "Ground Lease".
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Highlights
- Status:
- Available
- Price:
- $1,017,428
- PSF:
- $397
- Cap Rate:
- 7.35%
- Annual Rent:
- $74,781
- Rent Increases:
- 10% rental increase in 2012
Property Information
- Building Size:
- 2,565 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Restaurant
- Units/Spaces:
- 1
- Year Built:
- 1971
- Land Area:
- 59,294 sq.ft.
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Friendly's
- Lease Type:
- NNN
- Lease Commencement:
- 1/1/2002
- Lease Expiration:
- 1/1/2022
- Lease Term:
- 20 years
- Years Remaining:
- 14 years
- Landlord Responsibilities:
- None
- Options:
- Inquire
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on 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. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.