703 Ace Memorial Dr Hockessin, DE 19707
This thriving Japanese restaurant, located at 703 Ace Memorial Drive in Hockessin, Delaware (zip code 19707), presents a unique investment opportunity. The 2,880 square foot space is offered at $245,000 ($85.07 per square foot). This turnkey operation boasts a successful 25+ year history and has earned the prestigious "Best of Delaware" award multiple times. All furniture, fixtures, kitchen appliances, and equipment are included in the sale. The current monthly rent is $6,867, which encompasses all common area maintenance and taxes. The restaurant benefits from a lack of direct sushi competition in the immediate area, while other dining options exist nearby. A transferable liquor license is available to a qualified buyer. Opportunities for growth include expanding hours, adding catering services, implementing a happy hour, and introducing delivery and special promotions. To ensure a smooth transition, the sellers are committed to providing training to the new owner for two weeks following the settlement. This is an exceptional chance to own a well-established, profitable business with significant upside potential.
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Okura Japanese Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.