Turnkey Restaurant
231 Bay Avenue #Front Highlands, NJ 07732
231 Bay Avenue #Front, Highlands, NJ, 07732
$200,000
For Sale
$200,000
Fully equipped restaurant with a full kitchen and an existing lease structure through 2030.
Property Size1,523 SF
Price / SF$131.32
Days on Market17
Property Features for 231 Bay Avenue #Front
General Information
- Standard status
- Active
- Size
- 1,523 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1992
Listing agency
BENCHMARK REALTY GROUP LLC
(732) 440-9663
Listed by
CHARLES FRANK
Source
Corcoran
Added: Jul 5 Updated: Jul 20 at 4:53PM Checked: Jul 21 at 5:18AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BENCHMARK REALTY GROUP LLC
Investment Insights
Based on property information with market context.
Turnkey fully equipped restaurant business for sale in the Highlands, offering approximately 3,000 (+/-) square feet with a full kitchen. The listing notes that this is a functioning restaurant operation, and prospective buyers should not approach the business without an appointment.
The property is under a lease with rent of $3,090 per month plus NNN. The lease expires in 2030 and includes one (1) 5-year option to renew, providing continuity for an incoming purchaser that assumes the existing arrangement.
The opportunity is presented as a complete, ready-to-operate restaurant package, including the commercial kitchen improvements associated with the business.
The property is under a lease with rent of $3,090 per month plus NNN. The lease expires in 2030 and includes one (1) 5-year option to renew, providing continuity for an incoming purchaser that assumes the existing arrangement.
The opportunity is presented as a complete, ready-to-operate restaurant package, including the commercial kitchen improvements associated with the business.
Key Highlights
- Turnkey, fully equipped restaurant business with a full kitchen
- Approx. 3,000 SF restaurant space with full kitchen
- Rent is $3,090 per month plus NNN
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $21.9k | $14.40 |
| − Vacancy | −$1.1k | −$0.71 |
| EGI | $20.9k | $13.69 |
| − OpEx | −$6.3k | −$4.11 |
| NOI | $14.6k | $9.59 |
1,523 SF · lease $14.40/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$332.7K
$291.1K – $388.2K
NOI $23,291 @ 7.0% cap · market cap 11.65%
Second Best
Industrial
$208.6K
$182.5K – $243.3K
NOI $14,600 @ 7.0% cap · market cap 7.30%
Theoretical Best
Office A
$397.7K
$348.0K – $464.0K
NOI $27,838 @ 7.0% cap · market cap 13.92%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Fully equipped restaurant with a full kitchen and an existing lease structure through 2030.
Where is this conventional restaurant located?
The property is located at 231 Bay Avenue #Front Highlands, NJ.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Turnkey, fully equipped restaurant business with a full kitchen; Approx. 3,000 SF restaurant space with full kitchen; Rent is $3,090 per month plus NNN
