568 Monmouth Rd, Millstone, NJ 08510
Restaurant business for sale near Six Flags Great Adventure.
- Added:
- Aug 25, 2023
- Days on Market:
- 1023
- Last Refresh:
- May 12 at 10:53 pm
Property Features for 568 Monmouth Rd
General Information
- Standard status
- Active
- Size
- 2,385 SF
- Lot size
- 4.25 Acres
- Property subtype
- Business for Sale
Listing agent Ray Smith License #NJ CO-8300337
Listing office Stafford Smith Realty
Listing date Aug 25, 2023
Source Crexi
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 Stafford Smith Realty
HighLights
- Established restaurant business opportunity: Tommy’s Inn At Millstone.
- Prime location: 2,385 Sq. Ft. building on 4.25 acres near Six Flags Great Adventure.
- Surrounded by successful businesses and upcoming developments.
- Liquor license, furniture, fixtures, and equipment potentially available.
- Easy access to Highway 9, Interstate 95, and 195.
- Septic and Well on property.
Overview
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 | $51.5k | $21.60 |
| − Vacancy | −$2.9k | −$1.21 |
| EGI | $48.6k | $20.39 |
| − OpEx | −$12.2k | −$5.10 |
| NOI | $36.5k | $15.29 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Millstone
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.4301
- Latitude
- 40.1821
