TINGA FRESH MEXICAN & BBQ

Forged Real Estate is pleased to exclusively offer the opportunity to acquire the fee simple interest in a single tenant property leased to Tinga Fresh Mexican & BBQ, (the “Property”) in Montclair, a premier suburb located just 15 miles northwest of New York City and part of the New York City MSA, which contains a population of nearly 20 million residents. Tinga Fresh Mexican & BBQ recently extended their lease for an additional ten years demonstrating their commitment to this location. Tinga has successfully operated at this location since 2002, demonstrating long-term commitment to the site and sustained customer loyalty. Their nearly 25-year presence has solidified the restaurant as a well established and recognized staple within the local community. They operate on a fee-simple, double-net (NN) lease that features 2% annual rental increases through May 2031, at which point the increases jump to 3% annually for the remainder of the base term and throughout the option period. Tinga Fresh Mexican & BBQ sits just off the crossroads of Bellevue Ave and Valley Road, the main retail corridor in Upper Montclair supporting a combined 26,600 VPD. The area features a charming, walkable business district with boutique shopping, cafes, restaurants and the Upper Montclair train station that provides direct access to New York City via the Montclair-Boonton line of NJ Transit.

The property is positioned within a highly populated and affluent market, featuring approximately 552,000 residents and 204,000 households within a 5-mile radius. The immediate 3-mile area includes 147,000 residents across 56,000 households, providing a strong and stable consumer base. The surrounding demographics are particularly compelling, with average household income reaching $306,000 within 1 mile, $205,000 within 3 miles, and $148,000 within 5 miles, well above national averages and supportive of sustained retail performance. Within a three-mile radius, the property stands to benefit from a significant wave of recent and planned development activity, most notably at the ON3 campus, a large-scale mixed-use and life sciences hub developed by Prism Capital Partners. Strategically positioned along New Jersey Route 3 (129,000 VPD), ON3 continues to attract institutional investment and high-quality tenants. The recent delivery of the 80,000-square-foot Hackensack Meridian Health & Wellness Center in July 2025 underscores the campus’s momentum, with additional planned density including 90,000 SF of retail, a 150,000 SF flex/R&D facility, and a 1,074-unit residential community.

Located less than two miles from Montclair State University, Tinga Fresh Mexican & BBQ benefits from immediate access to a built-in consumer base of more than 23,000 students, in addition to faculty and staff. The property is also located less than two miles from Exit 151 of the Garden State Parkway providing immediate access to one of New Jersey’s most heavily trafficked corridors, with approximately 163,000 vehicles per day. This close proximity enhances site accessibility, drive-time convenience, and regional connectivity, drawing from a broad consumer base across northern New Jersey.