Turnkey Restaurant
301 Mount Hope Avenue Rockaway, NJ 07866
301 Mount Hope Avenue, Rockaway, NJ, 07866
Contact for pricing
For Sale
Contact for pricing
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 Market49
Property Features for 301 Mount Hope Avenue
General Information
- Standard status
- Active
- Size
- 800 SF
- Property subtype
- Retail
Listing agency
Global Realty Services
Listed by
Raj Whadwa · License #10401286837
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:53PM Checked: Jul 21 at 9:28AM
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
Local Financial Insights For Specialty Retail
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 | $17.3k | $21.60 |
| − Vacancy | −$968 | −$1.21 |
| EGI | $16.3k | $20.39 |
| − OpEx | −$4.1k | −$5.10 |
| NOI | $12.2k | $15.29 |
800 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Go! Calendars, Toys ...
(Bike/Boat/Book/etc) Store
Spencers
(Bike/Boat/Book/etc) Store
The CD Store
Media Distribution
Jimmy Jazz
Clothing & Fashion Store
PacSun
Clothing Store
Similar For Sale Nearby
FAQs
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
