39 Rt-31
Flemington, NJ 08822
Retail Property For Sale

Marcus & Millichap is pleased to exclusively list for sale a 2,990 SF single tenant Roy Rogers located in Flemington, (Hunterdon County) New Jersey. Located on 0.67 acres, Roy Rogers has 16+ years remaining on their absolute NNN lease. There are 10% rental increases every 5 years. The next increase will occur in April, 2025. Roy Rogers has been established in this location for 3+ years and the lease is personally guaranteed by the business operator along with the franchisee. Seller Will Escrow the Difference Between Current Income ($80,000) and the Rent Increase in April, 2020 ($88,000). The subject property is well positioned on Route 31, allowing for easy accessibility to numerous large national tenants and retailers such as Costco, ShopRite, Burlington Coat Factory and numerous large retail shopping centers all well within a quarter mile from the subject property. Roy Rogers is positioned near the intersection of Route 31 and Route 202, which has more than 48,000 vehicles passing by per day. There are various retail and institutional facilities all within a 1 mile radius. The trade area has a large student population with Hunterdon Central Regional High School and Hunterdon County Polytech less than a quarter mile from Roy Rodgers. Flemington is a borough located in Hunterdon County, New Jersey. The subject property is approximately 57 miles southwest of New York City, 50 miles northeast of Philadelphia, PA, and 25 miles northeast of Trenton, NJ. Flemington is the county seat for Hunterdon County. Within a 5-mile radius of Flemington, the average household income is $151,755 among the 34,260 individuals who resides within a 5-mile radius of the subject property. The asking price of $1,466,667 represents a 6.0 percent cap rate.