Turnkey Restaurant
For Sale
Contact for pricing
301 Mount Hope Avenue, Rockaway, NJ 07866
Turnkey restaurant offering included FF&E and equipment with 8.5 years remaining on the lease.
Property Size800 SF
Price / SF$248.75
Days on Market95
Property Features for 301 Mount Hope Avenue
General Information
Standard status
Active
Size
800 SF
Property subtype
Retail
Additional Details
Business Included
Yes
Building Details
Stories
2
Units
158
Listing Agency:
Global Realty Services
Listed By:
Raj Whadwa · License #10401286837
Source:
Crexi
Added: Jun 3
Changed: Aug 14
Last Checked: Aug 31 at 10:27AM
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 Global Realty Services
Investment Insights
Based on property information with market context.
This listing presents a fully built-out, turnkey restaurant concept with FF&E and equipment included. The configuration is intended to support immediate operation without requiring major start-up buildout.
The asset is offered for sale with a lease term remaining of 8.5 years. This structure can be attractive to buyers seeking an operational restaurant unit paired with an in-place commitment.
For tenants, operators, and investors, the included furnishings and equipment reduce the time and cost associated with opening or re-establishing service. Prospective buyers should review the lease details as the remaining term is a key component of the overall ownership and operating timeline.
The asset is offered for sale with a lease term remaining of 8.5 years. This structure can be attractive to buyers seeking an operational restaurant unit paired with an in-place commitment.
For tenants, operators, and investors, the included furnishings and equipment reduce the time and cost associated with opening or re-establishing service. Prospective buyers should review the lease details as the remaining term is a key component of the overall ownership and operating timeline.
Key Highlights
- 8.5 years remaining on the lease term
- FF&E and equipment included with the restaurant space
- Fully built‑out restaurant offering with FF&E/equipment included
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
$12,234
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
6.15%
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%
$244,680
$244.7K
Cap Rate 7%
$174,771
$174.8K
Cap Rate 9%
$135,933
$135.9K
Market Conditions
NOI Build-Up for 800 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
$17.3K $21.60/SF
− Vacancy
−$968 −$1.21/SF
EGI
$16.3K $20.39/SF
− OpEx
−$4.1K −$5.10/SF
NOI
$12.2K $15.29/SF
Area
Morris County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$244,680
Cap Rate 7%
$174,771
Cap Rate 9%
$135,933
Alternative Uses
Best Use
Specialty Retail
$174.8K
$152.9K – $203.9K
NOI $12,234 @ 7.0% cap · market cap 6.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$208.9K
$182.8K – $243.7K
NOI $14,623 @ 7.0% cap · market cap 7.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
893
Businesses Nearby
893k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 33%
Superstores 26%
Shops & Services 17%
Dining 9%
Target
Superstores
128,723 visits/mo
0.3 miles
Macy's
Apparel
96,883 visits/mo
0.2 miles
Walmart
Superstores
92,717 visits/mo
0.4 miles
DICK'S Sporting Goods
Apparel
83,894 visits/mo
0.3 miles
AMC Rockaway 16
Leisure
65,168 visits/mo
0.2 miles
Demographics for 07866, NJ
22,965
Population
8,863
Households
2.6
Avg Household Size
44
Median Age
50%
College-Educated
97%
High-School Grad
23.0 sq mi
ZIP Area
998
Density / Sq Mi
$123,828
Median Household Income
$70,340
Median Earnings
$1,604
Median Rent
$434,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant offering included FF&E and equipment with 8.5 years remaining on the lease.
Where is this conventional restaurant located?
The property is located at 301 Mount Hope Avenue Rockaway, NJ.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 8.5 years remaining on the lease term; FF&E and equipment included with the restaurant space; Fully built‑out restaurant offering with FF&E/equipment included
