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 Market140
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: Oct 17
Last Checked: Oct 19 at 4:54AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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 / Yr
$12,234
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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
