Friendly’s | Absolute NNN Investment | Concord, NH
Infinity Investment Properties is the exclusive advisor for the sale of a corporate-guaranteed Friendly’s located in the heart of New Hampshire’s capital. This asset features a seasoned 30-year operating history at this location, currently operating under an absolute NNN lease with approximately 11.5 years of firm term remaining. The lease includes 2% annual rent escalations beginning in 2026, providing a hedge against inflation and consistent yield growth. With zero landlord responsibilities for the roof, structure, or site, this is a fully passive investment situated in a high-traffic retail corridor anchored by Walmart, Target, and Lowe’s.
Investment Highlights
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Zero Landlord Obligations: Absolute NNN structure with the tenant responsible for all expenses, including roof and structure.
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Annual Rent Growth: 2% annual escalations starting in 2026, offering superior compounding compared to standard 5-year bumps.
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Proven Location: Successful 30-year operating history at this site; situated in the state’s third-most populous city.
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High-Volume Corridor: Located on Loudon Road (28,900+ VPD) amongst national tier-one retailers and near the UNH School of Law.
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Corporate Guaranty: Lease is guaranteed by Amici Partners Group, a major operator in the casual dining sector.
Key Financial & Property Details
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Sale Price: $1,450,000
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Cap Rate: 4.91%
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Net Operating Income (NOI): $72,693.72
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Lease Expiration: December 31, 2037
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Building Size: ± 3,600 SF
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Lot Size: ± 0.79 AC
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Parking: 55 Spaces
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Year Built: 1992