238 W Forest Ave
Retail | 7.53% CAP | 2,277 SqFt
Marketing description
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-tenant retail investment property located at 238 W Forest Avenue in Englewood, NJ (the “Property”). The current tenants include C&A Transmissions/ U-Haul and Bergen County Collision. C&A Transmissions/U-Haul has over 3 years remaining on their original lease while Bergen County Collision operates on a Month-to-Month lease and has been at the location since 2004. The Property is situated upon a 0.52-acre lot.
The Property is located along West Forest Avenue, one of Englewood’s primary commercial corridors, offering strong visibility and convenient access within a well-established Bergen County retail market. The multi-tenant retail property is positioned near the signalized intersection of Forest Avenue and Palisade Avenue (Route 93), a heavily traveled north–south arterial and is in close proximity to a mix of complementary national and local retailers, service-oriented businesses, and dining options that drive consistent daily traffic. Surrounded by dense, affluent residential neighborhoods and nearby office and medical uses, the site benefits from a stable and diverse consumer base. The Property provides efficient access to Route 93 and Route 4, with Interstate 95 (George Washington Bridge) located a short distance south, allowing for direct connectivity to Fort Lee, the greater Northern New Jersey region, and Manhattan.
Investment highlights
LEASE TERM: C&A Transmissions/U-Haul has over 3 years remaining on their original lease and has been at the location since 2019. Bergen County Collision operates on a Month-to-Month lease and has been at the location since 2004, showing strong commitment to the location.
ATTRACTIVE RENT INCREASES: C&A Transmissions/U-Haul’s lease calls for 3% rental increases throughout each remaining year of the initial lease, providing an attractive increase in revenue and a hedge against inflation.
MINIMAL LANDLORD RESPONSIBILITIES: Both Tenants have modified net leases and are responsible for Liability Insurance, Common Area Maintenance, and Utilities.
STRATEGIC LOCATION: The Property is a strategically located multi-tenant automotive service center anchored by C&A Transmissions/U-Haul and Bergen County Collision, two well-established, complementary operators that attract consistent traffic from Englewood and surrounding Bergen County communities. Positioned along West Forest Avenue, a key east–west connector just off Palisade Avenue and minutes from Route 4, the property offers strong visibility, easy accessibility, and proximity to major retail, residential, and employment hubs.
RECESSION RESISTANT TENANTS: C&A Transmissions/U-Haul and Bergen County Collision provide essential, service-oriented automotive and moving services that remain in consistent demand across economic cycles. Vehicle maintenance, collision repair, and local moving needs are largely non-discretionary, supporting steady customer traffic regardless of broader economic conditions. The combination of automotive repair services and the nationally recognized U-Haul brand further enhances tenant stability, positioning the Property with durable, recession-resistant occupants serving the surrounding Bergen County trade area.
TRAFFIC COUNTS: Over 6,500 vehicles pass the Property daily along W Forest Avenue and more than 95,300 vehicles pass through the nearby signalized intersection of Decatur Ave and NJ-4 NW.
DEMOGRAPHICS: More than 25,900 people live within 1-mile of the Property with an average household income of $160,420. More than 202,500 people live within 3-miles of the Property with an average household income of $172,100.
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