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Mavis Discount Tire 300 US Highway 202 2,460 SF Retail Building Flemington, NJ 08822 $5,084,308 CAD ($2,066.79 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
2,460 SF
Building Class
C
Year Built
2025
Price
$5,084,308 CAD
Price Per SF
$2,066.79 CAD
Cap Rate
5.60%
NOI
$284,721 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.63 AC
Opportunity Zone
Yes
Zoning
HR
Frontage
Amenities
- 24 Hour Access
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,738,225 CAD | |
| Land Assessment | $2,530,856 CAD | Total Assessment | $4,269,081 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$2,530,856 CAD
Improvements Assessment
$1,738,225 CAD
Total Assessment
$4,269,081 CAD
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Mavis Discount Tire | 300 US Highway 202
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