Rt. 31

Area Demographics

The Shoppes at Pennington are located in North West Mercer County, New Jersey. This once rural area has exploded in value as corporate and pharmaceutical centers moved in close vicinity. Within 20 miles, the headquarters of Merrill Lynch, Bristol Myers Squibb, Educational Testing Service, Dow Jones, and Novo Nordisk reside along with hundreds of corporate centers. In addition, Capital Health has completed a new state-of-the-art 530 million dollar facility within 5 miles; adding the need for private physician offices to this locality.

Rt. 31 borders the front of our complex and is the main highway serving this affluent area. This road offers the only major North/South route in Western New Jersey, and has become a magnet for commerce and development. Our complex has signage and exposure to Rt. 31 traffic, as well as direct entrances to and from the highway.

2010 Demographics for 5 mile radius:

Population: 48,695
Population Density: 608.4
Households: 16,157
Average Household size: 2.63
Owner Occupied Housing: 13,352
Average household income: $130,701
Average Home Value: $543,764

Additional Demographic Charts for Pennington, NJ and the surrounding area:

- Drive Times to the Center: 5,10 and 25 minutes

- Local Home Values

- Income Demographics

- Eating Out: Dollars Spent

- Net Worth of Area Residents

- Education Levels

- List of Pennington Businesses