Log In/Sign Up
Your email has been sent.
Mavis Discount Tire 300 US Highway 202 2,165 SF Retail Building Flemington, NJ 08822 $5,082,151 CAD ($2,347.63 CAD/SF) 5.60% Cap Rate
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- Long Term NNN Lease with Zero Landlord Responsibilities
- Recession Resistant Due to Non Discretionary, Nature of Services
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Mavis Discount Tire located at 304 Route 202-31 Circle, Flemington, NJ 08822. The site consists of roughly 6,486 rentable square feet of building space on an estimated 1.03-acre parcel of land. This Mavis Discount Tire is subject to a 20-year Triple Net (NNN) lease, which commenced 11/18/2020. The current annual rent is $204,750 and has scheduled increases of 5.00% every 5 years.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,165 SF
Building Class
C
Year Built
2025
Price
$5,082,151 CAD
Price Per SF
$2,347.63 CAD
Cap Rate
5.60%
NOI
$284,600 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
HR
Frontage
AMENITIES
- 24 Hour Access
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-00049-0000-00004 | Improvements Assessment | $506,481 CAD |
| Land Assessment | $999,086 CAD | Total Assessment | $1,505,568 CAD |
PROPERTY TAXES
Parcel Number
09-00049-0000-00004
Land Assessment
$999,086 CAD
Improvements Assessment
$506,481 CAD
Total Assessment
$1,505,568 CAD
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Mavis Discount Tire | 300 US Highway 202
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.