End-Cap Restaurant with
701 Ace Memorial, Hockessin, DE 19707
For Sale
Contact for pricing
Former restaurant space with existing infrastructure and optional furniture, fixtures, kitchen, and catering equipment.
Property Size2,040 SF
Days on Market54
Property Features for 701 Ace Memorial
General Information
Standard status
Size
Property subtype
Lease Term
Additional Details
End Cap
Patio
Building Details
Building Size
Properties For Sale
at 701 Ace Memorial
701 Ace Memorial Drive
Size
2,040 SF
Term
Negotiable
Listed By:
Joseph Latina, SIOR
(302) 414-1000
Source:
Lmtcre
Added: Sep 18
Changed: Nov 8
Last Checked: Nov 8 at 2:52AM
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 Joseph Latina, SIOR
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Investment Insights
Based on property information with market context.
Former restaurant space configured as an end-cap property with patio area and existing restaurant infrastructure. The available improvements include furniture, fixtures, kitchen equipment, and catering equipment, which may be purchased separately with the property.
The property is located at 701 Ace Memorial in Hockessin, Delaware. Its existing restaurant configuration and outdoor patio support continued food-service use, subject to applicable approvals and transaction terms.
The property is located at 701 Ace Memorial in Hockessin, Delaware. Its existing restaurant configuration and outdoor patio support continued food-service use, subject to applicable approvals and transaction terms.
Key Highlights
- End‑cap restaurant property with patio space
- Existing restaurant infrastructure in place
- Furniture, fixtures, kitchen, and catering equipment available for purchase
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,191
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,820
$523.8K
Cap Rate 7%
$374,157
$374.2K
Cap Rate 9%
$291,011
$291.0K
Market Conditions
NOI Build-Up for 2,040 SF
Gross rent
$36.7K $18.00/SF
− Vacancy
−$1.8K −$0.88/SF
EGI
$34.9K $17.12/SF
− OpEx
−$8.7K −$4.28/SF
NOI
$26.2K $12.84/SF
Area
New Castle County, DE
Vacancy
4.90%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,820
Cap Rate 7%
$374,157
Cap Rate 9%
$291,011
Alternative Uses
Best Use
Specialty Retail
$374.2K
$327.4K – $436.5K
NOI $26,191 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$487.9K
$427.0K – $569.3K
NOI $34,156 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
175
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 19707, DE
17,274
Population
6,610
Households
2.6
Avg Household Size
48
Median Age
65%
College-Educated
98%
High-School Grad
13.2 sq mi
ZIP Area
1,309
Density / Sq Mi
$172,161
Median Household Income
$90,171
Median Earnings
$2,230
Median Rent
$534,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Conventional restaurants in New Castle County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Former restaurant space with existing infrastructure and optional furniture, fixtures, kitchen, and catering equipment.
Where is this conventional restaurant located?
The property is located at 701 Ace Memorial Hockessin, DE.
What are key features of this property?
This property features: End‑cap restaurant property with patio space; Existing restaurant infrastructure in place; Furniture, fixtures, kitchen, and catering equipment available for purchase
