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238 W Forest Ave 238 W Forest Ave 2,277 SF 100% Leased Retail Building Englewood, NJ 07631 $2,000,000 ($878.35/SF) 7.53% Cap Rate



Investment Highlights
- Attractive Rent Increases
- Strategic Location
- Strong Demographics
- Minimal Landlord Resonsibilities
- Recession Resistant Tenant
Executive Summary
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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,277 SF
Building Class
C
Year Built
2004
Price
$2,000,000
Price Per SF
$878.35
Cap Rate
7.53%
NOI
$150,592
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
0.49 AC
Opportunity Zone
Yes
Zoning
4A - Commercial
Frontage
69’ on W Forest
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Bergen Collision Corp
- Services
- -
- -
- -
U-Haul is an American moving truck, trailer, and self-storage rental company, based in Phoenix, Arizona, that has been in operation since 1945. The company was founded by Leonard Shoen and Anna Mary Carty Shoen in Ridgefield, Washington, who began it in the garage owned by his wife's family, and expanded it through franchising with gas stations. In addition to moving truck and trailer rentals and self-storage units, many U-Haul centers and dealerships also provide moving boxes, packing supplies, LPG (propane) refill, trailer hitch and wiring installation, storage container rentals, and other services.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Bergen Collision Corp | Services | - | - | - | ||
|
Real Estate | - | - | - |
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-02214-0000-00001 | Improvements Assessment | $212,500 |
| Land Assessment | $500,500 | Total Assessment | $713,000 |
Property Taxes
Parcel Number
15-02214-0000-00001
Land Assessment
$500,500
Improvements Assessment
$212,500
Total Assessment
$713,000
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