Restaurant and Bar
For Sale
Contact for pricing
29 Mill Street, Mount Holly, NJ
Existing restaurant and bar in Mt. Holly for sale.
Property Size6,560 SF
Lot Size0.12 Acres
Price / SF$167.68
Days on Market828
Property Features for 29 Mill Street
General Information
Standard status
Active
Size
6,560 SF
Lot size
0.12 Acres
Property subtype
RETAIL
Listing Agency:
Vantage Commercial
(856) 797-1919
Listed By:
Ken Richardson · License ##1865294
(609) 346-0512
Source:
Moodyscre
Added: May 4, 2024
Changed: Aug 8
Last Checked: Aug 8 at 12:36PM
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 Vantage Commercial
Investment Insights
Based on property information with market context.
This property features an existing restaurant and bar, situated in a prime business area of Mt. Holly. The establishment can accommodate up to 294 patrons. The restaurant includes a full commercial kitchen, bar and seating areas on each of its floors, and an office. The sale encompasses the real estate, liquor license, and all furniture, fixtures, and equipment (FF&E). The inventory will be handled separately upon closing. The property size is 6,560 square feet.
Key Highlights
- Includes real estate, liquor license, and all FF&E in the asking price.
- Existing restaurant and bar with seating for up to 294.
- Located in a prime business area of Mt. Holly.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$98,098
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,961,960
$2.0M
Cap Rate 7%
$1,401,400
$1.4M
Cap Rate 9%
$1,089,978
$1.1M
Market Conditions
NOI Build-Up for 6,560 SF
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.
Gross rent
$147.2K $22.44/SF
− Vacancy
−$7.1K −$1.08/SF
EGI
$140.1K $21.36/SF
− OpEx
−$42.0K −$6.41/SF
NOI
$98.1K $14.95/SF
Area
Burlington County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,961,960
Cap Rate 7%
$1,401,400
Cap Rate 9%
$1,089,978
Alternative Uses
Best Use
Retail
$1.40M
$1.23M – $1.63M
NOI $98,098 @ 7.0% cap · market cap 8.92%
Second Best
Specialty Retail
$1.21M
$1.06M – $1.41M
NOI $84,575 @ 7.0% cap · market cap 7.69%
Theoretical Best
Warehouse
$13.72M
$12.01M – $16.01M
NOI $960,408 @ 7.0% cap · market cap 87.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,017
Businesses Nearby
6k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
7-Eleven
Shops & Services
4,969 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
729 visits/mo
0.5 miles
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- N'awlins Eats — 53 E Monroe St, Mt Holly, NJ 08060
- Aramark Correctional Services — 54 Grant St, Mt Holly, NJ 08060
Frequently Asked Questions
What type of property is this?
Restaurant - Existing restaurant and bar in Mt. Holly for sale.
Where is this restaurant located?
The property is located at 29 Mill Street Mount Holly, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Includes real estate, liquor license, and all FF&E in the asking price.; Existing restaurant and bar with seating for up to 294.; Located in a prime business area of Mt. Holly.
