Mavis Discount Tire | Absolute NNN Lease | 15 Years Remaining
304 US-202 Flemington, NJ 08822
Price: $3,611,500
Status: Under Contract
Cap Rate: 5.66%
Year Built: 2025
NOI: $204,750
Lot Size: 1.03 acres
Price Per Foot: $567
Lease Type: Absolute Triple-Net (NNN)
Remaining Term: 15 Years
GLA: 6,486 sqft
Property Intro
The subject property is a 6,486 square foot Mavis Discount Tire located at 304 Route 202-31 Circle in Flemington, New Jersey. The building sits on approximately 1.03 acres at the signalized intersection of U.S. Route 202 and NJ Route 31, two major thoroughfares with combined traffic counts exceeding 58,000 vehicles per day. The asset is positioned within a dominant retail corridor directly adjacent to Flemington Mall and Flemington Circle, which feature national tenants including Kohl’s, ShopRite, ALDI, Marshalls, Burlington, and others.
Flemington is located within Hunterdon County, one of the more affluent areas in New Jersey, with average household incomes exceeding $146,000 within a three-mile radius. The site benefits from strong surrounding demographics, proximity to numerous automotive dealerships, and nearby Hunterdon Central Regional High School with nearly 2,500 students . The dense concentration of national retailers, healthcare providers, and daily-needs traffic drivers supports the long-term viability of this location.