304 US Highway 202 - Auto Repair FOR SALE


Flemington, NJ 08822
$3,656,250 USD
914-403-7574
304 US Highway 202, Flemington, NJ for Sale
$3,656,250 USD
Auto Repair - FOR SALE
1/2
null | 5.6% Cap Rate

304 US Highway 202
Flemington, NJ 08822


HIGHLIGHTS

  • Strong Corporate Guarantee
  • Recession Resistant Due to Non Discretionary, Nature of Services
  • Long Term NNN Lease with Zero Landlord Responsibilities

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,656,250 USD

PRICE/SF

$564 USD /SF

CAP RATE

5.6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mavis Discount Tire

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

1.03 AC

LAND SF

44,867 SF

ZONING

-

APN/PARCEL ID

09-00049-0000-00003

ASK ABOUT THIS PROPERTY

Matthew AnuszkiewiczNNN Pro GroupMore Info
914-403-7574

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Matthew AnuszkiewiczNNN Pro GroupMore Info
914-403-7574

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.