Hunterdon Commons Retail Center In Flemington Sells For More Than $4 Million

FLEMINGTON, NJ — A nearly 60,000 square-foot retail center in Flemington has been sold for over $4 million.

Marcus & Millichap announced the $4.7 million sale of Hunterdon Commons, a 57,935-square-foot retail center, last week.

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The property, located at 176 U.S. Route 202, was marketed on behalf of the seller, JDS Family Investments LLC.

"Retail fundamentals remain strong for properties that offer a balanced tenant mix and a proven operating history," Brent Hyldahl, managing director investments in the firm's New Jersey office, said.

The property's strong occupancy and diverse tenant mix attracted broad investor interest, resulting in a competitive sales process.

Situated on 5.09 acres, Hunterdon Commons was built in 1989 and renovated in 2017. The shopping center was 97% occupied at the time of sale and is home to 13 tenants, including fitness, experiential, retail and service-oriented businesses.

The property is located along U.S. Route 202, which carries more than 46,000 vehicles daily, and is near the Flemington Circle, a major retail corridor connecting Routes 31 and 202, as well as several shopping centers and Hunterdon Central High School.