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Shopping Strip

Aspen Dental & CityMD | Now Free & Clear!

289 US-202, Flemington, NJ 08822

Listing Price: $7,987,127

Cap Rate
6.00%
Gross SF
7,388
Rentable SF
7,388
Price/Gross SF
$1,081.09
Lot Size
1.05 acres
Year Built
2023

Investment Overview

This is an opportunity to acquire a newly constructed two-tenant strip center in the affluent Hunterdon County submarket of Flemington, New Jersey (the “Offering”). The 7,388-square-foot strip center features esteemed retailers, Aspen Dental and CityMD Urgent Care. Both tenants are operating on 10-year leases with structured rental increases. The entirely renovated building is situated upon a large parcel of 1.05-acres which provides for abundant parking at 11:1000 PSF GLA. The building comes with a new 20-year roof warranty as well.

Investment Highlights

  • Newly Redeveloped Med-Tail Oriented, Two-Tenant Offering in High Traffic Node
  • Assumable, Long-Term Fixed Rate Financing with 3.85% Interest Rate
  • Immediately Neighbors Esteemed Brands Chick-Fil-A and Chipotle

Exclusively Listed By

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s) NJ: 2192359

    New Jersey

Financing By

Shopping Strip

Aspen Dental & CityMD | Now Free & Clear!

Listing Price: $7,987,127

Cap Rate
6.00%
Gross SF
7,388
Rentable SF
7,388
Price/Gross SF
$1,081.09
Lot Size
1.05 acres
Year Built
2023

Investment Highlights

  • Newly Redeveloped Med-Tail Oriented, Two-Tenant Offering in High Traffic Node
  • Assumable, Long-Term Fixed Rate Financing with 3.85% Interest Rate
  • Immediately Neighbors Esteemed Brands Chick-Fil-A and Chipotle

Investment Overview

This is an opportunity to acquire a newly constructed two-tenant strip center in the affluent Hunterdon County submarket of Flemington, New Jersey (the “Offering”). The 7,388-square-foot strip center features esteemed retailers, Aspen Dental and CityMD Urgent Care. Both tenants are operating on 10-year leases with structured rental increases. The entirely renovated building is situated upon a large parcel of 1.05-acres which provides for abundant parking at 11:1000 PSF GLA. The building comes with a new 20-year roof warranty as well.

Exclusively Listed By

Broker of Record

  • John Horowitz

    Senior Vice President/Division Manager

    (201) 742-6100

    License(s): NJ: 2192359

    New Jersey

Financing By

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