50 E Main St
East Islip, NY 11730
Friendly's · Retail Property For Sale

The subject investment is a Friendly' s, located at 50 Montauk Highway, East Islip NY. The property sits on approximately 0.8 acres of land and is comprised of roughly 3,000 square feet of building space. The property is subject to a 20-year triple net "NNN" lease. Friendly's will enter into a new sale-leaseback upon the close of escrow. The lease calls for annual rental increases of 2.0% with four, 5-year renewal options. Friendly's currently operates 380 restaurants franchise and corporate locations throughout Connecticut, Delaware, Florida, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Vermont, and Virginia. J&B Restaurant Partners, Incorporated was founded in 1997 and is based in Ronkonkoma, New York. J&B Restaurants Partners, Incorporated operates as a subsidiary of J&B Restaurant Partners Holding Company of Long Island LLC and currently operates over 34 restaurants. The subject property is located at 50 Montauk Highway, East Islip, New York. East Islip is a hamlet of the Town of Islip, and is located on the south shore of Long Island in Suffolk County. Suffolk County is the largest of the four counties on Long Island and is one of the wealthiest and most densely populated counties in New York State. East Islip is just 50 miles from New York City, 40 minutes from LaGuardia Airport, JFK International Airport and is easily accessible by the Long Island Rail Road. This Friendly's location is conveniently just five minutes from the East Islip LIRR station. Long Island's MacArthur Airport is also just 14 minutes from this Friendly's, an airport which is among the top 90 airports in the United States in terms of passenger volume with over two million passengers each year. The subject property is in immediate vicinity to East Islip junior high school, East Islip Elementary school and East Islip High school, totaling a student population of over 4,000 students.