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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

703 Ace Memorial Dr Hockessin, DE 19707

2,880 SF
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,880 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Okura Japanese Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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