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5 Walter Foran Blvd, Flemington, NJ, 08822

Healthcare Portfolio – Flemington & Hamilton, NJ

$1,138,858

Key Information

Cap Rate
8.75%
$ per SF
$325
Tot. SF
3,494
Term Remaining
± 4.4 Years
Type
Healthcare
Occupancy
100%
NOI
$99,650

Highlights

• Best-in-Class Tenant – Align ENT + Allergy is a leading multi-state ENT and allergy platform with more than 47 locations across five states.
• Streamlined Expansion – Align ENT + Allergy grows through partnerships with established practices that already have strong physician relationships and existing patient bases within their communities. This strategy has allowed the platform to expand rapidly across multiple markets.
• Resilient Healthcare Real Estate – Healthcare properties remain highly sought-after investments due to the essential nature of medical services, limited exposure to e-commerce disruption, and historically resilient demand through economic cycles.
• Significant Tenant Investment in Location – Healthcare organizations often make substantial investments in specialized build-outs, equipment, and local patient relationships, creating meaningful barriers to relocation.
• Affluent Flemington Demographics – The property benefits from strong surrounding demographics, with an average household income exceeding $170,000 within a five-mile radius.
• Established Medical Office Destination – The property is located along Walter E. Foran Boulevard within an established medical and professional office corridor. The building is leased to several healthcare specialty tenants, including allergy and asthma, podiatry, endocrinology, and pain management, reinforcing the property’s medical-office positioning.
• Strategic Route 31 Location – The Flemington office is positioned just off Route 31, one of Flemington’s primary north-south commercial corridors, providing convenient access throughout Flemington, Raritan Township, and the surrounding Hunterdon County market.
• Dense & Affluent Hamilton Trade Area – The property is located in a dense market with more than 227,000 residents within five miles and an average household income exceeding $100,000, providing a strong demographic base for continued healthcare demand.
• Established Medical Office Location – The property is located within the Whitehorse Executive Center, an established medical and professional office setting along Whitehorse-Mercerville Road. The surrounding complex includes diagnostic imaging, podiatry, primary care, and other healthcare users, creating a strong complementary medical environment.
• Convenient Central New Jersey Access – The Hamilton location provides convenient access to the surrounding Mercer County population and is positioned near major regional roadways connecting Hamilton with Trenton, Princeton, and the broader Central New Jersey market.

Photos

Location

Agents

Broker of Record

Patrick Forde

License # 122887, 2330333 (NJ)
Matthews Real Estate Investment Services, Inc
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666