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Investment Highlights

  • Owner-User & Repositioning Opportunity
  • High Traffic Counts
  • Strategic Retail Location
  • Strong Demographics

Executive Summary

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase 160-164 US Route 46 E, a two-unit retail plaza in Lodi, New Jersey (the “Property”). The Property consists of two separate tax parcels, including a 0.37-acre parcel at 164 US Route 46 E that is improved by a two-unit, 3,082 square-foot retail building and a 0.11-acre parcel at 160 US Route 46 E that serves as a dedicated parking lot. The building is currently occupied by Avis/Budget Car Rental and Absolute Insurance; Avis/Budget has two years of term remaining on their lease with 2.5% annual rent increases; Absolute Insurance will vacate their space at the end of their current term (10/31/2026), offering an attractive opportunity for an owner- user in a strong market with attractive zoning, or repositioning through leasing to a new tenant. The Property is well-located along US Route 46 East, one of Bergen County’s primary commercial and commuter corridors, offering excellent visibility and accessibility. Positioned at the intersection with Christopher Street, the Property benefits from a prominent presence along this heavily traveled roadway and is just minutes from Interstate 80 and Route 17, providing convenient regional connectivity. The surrounding area is characterized by densely populated residential neighborhoods that supply a strong and consistent consumer base, along with a mix of national retailers, local businesses, and dining options that drive daily traffic to the corridor. The Property’s strategic location within close proximity to Paramus and Hackensack further enhances its appeal, offering flexibility for an owner-user or investor seeking to capitalize on the corridor’s established retail demand.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
3,082 SF
Building Class
C
Year Built
1987
Price
$1,350,000
Price Per SF
$438.03
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.15
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
CH
Frontage
194’ on Route 46

Amenities

  • Bus Line
  • Freeway Visibility
  • Signage

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease Type
  • Lease End
  • Rental and Leasing Services
  • -
  • -
  • Triple Net
  • -

Avis began in 1946 when Warren Avis opened operations at Michigan's Willow Run Airport with three cars. The company established itself as the first airport-based rental agency and expanded internationally by 1956. Avis became part of Avis Budget Group, which operates numerous brands worldwide including Budget and Zipcar. The company serves both business travelers through airport locations and leisure customers through off-airport sites. Avis maintains a significant global fleet and franchise network while continuing to adapt to transportation industry changes.

  • Rental and Leasing Services
  • -
  • -
  • -
  • -

Budget Car Rental has been growing its global presence since 1958, serving value-conscious customers with reliable vehicles and friendly service. Guided by a commitment to quality, innovation, and integrity, Budget delivers dependable rental experiences while fostering a positive workplace culture and supporting community engagement.

  • My Insurance Agency
  • Finance and Insurance
  • -
  • -
  • Triple Net
  • -
Tenant Industry SF Occupied Rent/SF Lease Type Lease End
Rental and Leasing Services - - Triple Net -
Rental and Leasing Services - - - -
My Insurance Agency Finance and Insurance - - Triple Net -
Moderately walkable
60/100
Moderately drivable
70/100
Some public transit
50/100
Fairly bikeable
40/100

Nearby Major Retailers

F45 Training
Stop & Shop
Blimpie
Planet Fitness
CrossFit
The Little Gym
PureGym
OceanFirst Bank
LA Fitness
ShopRite

Property Taxes

Property Taxes

Parcel Number
31-00229-0000-00034
Land Assessment
$288,000
Improvements Assessment
$210,200
Total Assessment
$498,200
  • Listing ID: 40103680

  • Date on Market: 4/10/2026

  • Last Updated:

  • Address: 160 US Highway 46 E, Lodi, NJ 07644

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