Leased Restaurant Investment
392 Route 34, Matawan, NJ 07747
- Added:
- Dec 25, 2025
- Days on Market:
- 160
- Last Refresh:
- Jun 3 at 9:06 am
Property Features for 392 Route 34
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Rooms
- Basement
- Parking
- 50
- Basement
- Walk-Out Access, Full
- Standard status
- Pending
- APN
- 15-11232-0000-00010
- Size
- 7,901 SF
- Lot size
- 1.10 Acres
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 2
Listing agent Sangita Sancheti License #1008005 (732) 462-4242
Listing office Coldwell Banker Realty 335 Rte 9 S, Spring Lake, NJ (732) 462-4242
Listing date Dec 25, 2025
MLS# 22537287
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime location on Route 34.
- Triple net lease provides immediate income.
- Potential for zoning variance to build on the property.
- Current rent is $5,000 NNN.
- Large property size offers flexibility.
- Public water and sewer connections.
Overview
This restaurant property is currently leased to a sushi restaurant under a triple-net structure. The offering presents a large commercial site with approximately 7,901 square feet of building area on about 1.1 acres, providing an income component for investors and flexibility for a buyer evaluating long-term options.
Located at 392 Route 34 in Matawan, NJ 07747, the asset benefits from its prominent, high-visibility roadside setting along Route 34. The property is presented for sale as both an investment and a potential value-add opportunity, with the existing tenancy supporting ongoing income.
For an owner-operator or investor, the current lease structure can help offset holding costs while plans are considered for the future. The seller notes that a zoning variance may be a path for redevelopment, making this a fit for buyers who want to preserve current income but also explore the possibility of building or reconfiguring the site over time. The stated current rent is $5,000 NNN.
Located at 392 Route 34 in Matawan, NJ 07747, the asset benefits from its prominent, high-visibility roadside setting along Route 34. The property is presented for sale as both an investment and a potential value-add opportunity, with the existing tenancy supporting ongoing income.
For an owner-operator or investor, the current lease structure can help offset holding costs while plans are considered for the future. The seller notes that a zoning variance may be a path for redevelopment, making this a fit for buyers who want to preserve current income but also explore the possibility of building or reconfiguring the site over time. The stated current rent is $5,000 NNN.
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 | $170.7k | $21.60 |
| − Vacancy | −$9.6k | −$1.21 |
| EGI | $161.1k | $20.39 |
| − OpEx | −$40.3k | −$5.10 |
| NOI | $120.8k | $15.29 |
7,901 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$1.73M
$1.51M – $2.01M
NOI $120,828 @ 7.0% cap · market cap 8.63%
Second Best
Retail
$1.61M
$1.41M – $1.88M
NOI $112,773 @ 7.0% cap · market cap 8.06%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,418 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Map
- City
- Matawan
- County
- Monmouth
- State
- New Jersey
- Longitude
- -74.268498
- Latitude
- 40.423094
Nearby Similar for Sale
FAQs
What type of property is this?
Restaurant - Leased sushi restaurant on a prime Route 34 site, offering income under a triple-net structure with redevelopment optionality.
Where is this restaurant located?
The property is located at 392 Route 34 Matawan, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime location on Route 34.; Triple net lease provides immediate income.; Potential for zoning variance to build on the property.
