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344 French Hill Rd Wayne, NJ 07470

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For Sale
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Established Restaurant, High NOI, Net Lease

Property size:
6,000 SF

Property Features for 344 French Hill Rd

General Information

Property type
Restaurants
Square Feet
6,000 SF

Building Details

Year Built/Renovated
1968/2022
Buildings
1
Stories
3
Units
1

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Listing Contact
Philip Dattolo
Philip Dattolo

Listing Agency: Highmark Real Estate Listing Agent: Philip Dattolo

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This exceptional investment opportunity presents a three-story, 9,000 square foot restaurant building located at 344 French Hill Rd, Wayne, NJ 07470, in Passaic County. The property, built in 1968 and extensively renovated in 2022, boasts a strong 6.40% cap rate and a substantial net operating income (NOI) of $144,000. Currently operating at 100% occupancy with a single tenant under a net lease agreement expiring August 1, 2025, the lease includes a 3% annual rent increase. The restaurant has been successfully operating in this prime upscale location for over 30 years. The property features 55 parking spaces and includes a liquor license and equipment. With a total square footage ranging from 6,000 to 9,748 square feet and an additional 10,000 square feet of air rights, this property offers significant potential for future expansion or redevelopment. The asking price is $2,250,000. This is a rare chance to acquire a well-established, high-performing restaurant property in a desirable New Jersey location. The property is zoned N/A.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

The Taphouse - Wayne Bar & Pub

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Wayne
County
Passaic
State
New Jersey
Longitude
-74.2456723
Latitude
40.9258969

FAQs

What type of property is this?
Restaurant - Established Restaurant, High NOI, Net Lease
Where is this restaurant located?
The property is located at 344 French Hill Rd Wayne, NJ.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: $2,250,000 asking price for a net-leased retail restaurant property in Wayne, NJ.; 6,000-9,748 square feet building, 9,000 square feet net rentable area, with 55 parking spaces.; 6.40% cap rate, $144,000 NOI, 100% occupancy.
(973) 998-5150 Call to check price and availability
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