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Turnkey Japanese Fusion Restaurant & Lounge 23 E Palisade Ave 5,220 SF of Retail Space Available in Englewood, NJ 07631
Highlights
- Total Size: ±10,000 SF | 5,000 SF Main Level: Dining Room + Full Bar + Lounge | 5,000 SF Lower Level: Prep Kitchen, Storage, Support Operations
- Monthly Rent: $23,000
- Liquor License: Plenary Retail Consumption (Included in Sale)
- Seating Capacity: 220 Guests
- Lease Term: 7 Years Remaining + One 5-Year Option
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,220 SF | 12 Years | Upon Request Upon Request Upon Request Upon Request | Modified Gross |
1st Floor
Offered for sale at $1,799,000 (business only), plus lease assumption and transfer of the Plenary Retail Consumption Liquor License, Akai Lounge presents a rare opportunity to acquire a high-performing, fully built-out hospitality concept in the heart of Englewood’s premier dining corridor at 23 East Palisade Avenue. Generating over $4.5 million in annual gross revenue, this 10,000 square foot, two-level restaurant and lounge delivers immediate cash flow within one of Bergen County’s most affluent and established restaurant markets. The main level encompasses approximately 5,000 square feet of upscale dining space featuring a full-service bar and lounge with seating capacity for 220 guests, while the 5,000 square foot lower level supports operations with a fully equipped prep kitchen, storage, and back-of-house infrastructure. The current lease structure offers favorable stability with $23,000 per month in rent, seven years remaining on the term, and one five-year extension option, providing long-term operational security for a new owner. Akai Lounge is widely recognized for its modern Japanese cuisine and energetic nightlife atmosphere, operating under a dual-concept experience known as Blue Akai, which blends a refined sushi lounge with a vibrant Tex-Mex fusion component. The interior design reflects a contemporary, upscale aesthetic often compared to a trendy New York City nightclub, highlighted by red accent walls, subdued lighting, elegant finishes, and a dynamic bar environment that transitions seamlessly from daytime dining to high-energy evening entertainment. The ambiance supports a wide range of clientele, including business lunches, social gatherings, private events, and late-night hospitality, making it a versatile revenue platform with strong food and beverage margins driven by its full liquor license. Positioned in downtown Englewood, the property benefits from consistent foot traffic, high household incomes, proximity to Manhattan, and a dense residential base that supports premium dining experiences. This is a true turnkey opportunity for an experienced restaurateur, hospitality group, or strategic investor seeking an established brand with proven financial performance and immediate scalability. With strong existing revenue, a transferable liquor license, long-term lease security, and significant brand recognition, Akai Lounge represents a rare chance to step into a fully operational, high-volume Bergen County hospitality destination with both stability and upside potential.
- Listed rate may not include certain utilities, building services and property expenses
- Fully Built-Out as a Restaurant or Café Space
- Located in-line with other retail
- High End Trophy Space
- This opportunity is well-suited for:
- Experienced restaurateurs
- Hospitality groups seeking North Jersey expansion
- NYC operators looking for a suburban flagship
- Private equity or strategic hospitality investors
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 5,220 SF | Gross Leasable Area | 5,220 SF |
| Property Type | Retail | Year Built | 2000 |
| Property Subtype | Restaurant |
| Total Space Available | 5,220 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,220 SF |
| Year Built | 2000 |
About the Property
Offered for sale at $1,799,000 (business only), plus lease assumption and transfer of the Plenary Retail Consumption Liquor License, Akai Lounge presents a rare opportunity to acquire a high-performing, fully built-out hospitality concept in the heart of Englewood’s premier dining corridor at 23 East Palisade Avenue. Generating over $4.5 million in annual gross revenue, this 10,000 square foot, two-level restaurant and lounge delivers immediate cash flow within one of Bergen County’s most affluent and established restaurant markets. The main level encompasses approximately 5,000 square feet of upscale dining space featuring a full-service bar and lounge with seating capacity for 220 guests, while the 5,000 square foot lower level supports operations with a fully equipped prep kitchen, storage, and back-of-house infrastructure. The current lease structure offers favorable stability with $23,000 per month in rent, seven years remaining on the term, and one five-year extension option, providing long-term operational security for a new owner. Akai Lounge is widely recognized for its modern Japanese cuisine and energetic nightlife atmosphere, operating under a dual-concept experience known as Blue Akai, which blends a refined sushi lounge with a vibrant Tex-Mex fusion component. The interior design reflects a contemporary, upscale aesthetic often compared to a trendy New York City nightclub, highlighted by red accent walls, subdued lighting, elegant finishes, and a dynamic bar environment that transitions seamlessly from daytime dining to high-energy evening entertainment. The ambiance supports a wide range of clientele, including business lunches, social gatherings, private events, and late-night hospitality, making it a versatile revenue platform with strong food and beverage margins driven by its full liquor license. Positioned in downtown Englewood, the property benefits from consistent foot traffic, high household incomes, proximity to Manhattan, and a dense residential base that supports premium dining experiences. This is a true turnkey opportunity for an experienced restaurateur, hospitality group, or strategic investor seeking an established brand with proven financial performance and immediate scalability. With strong existing revenue, a transferable liquor license, long-term lease security, and significant brand recognition, Akai Lounge represents a rare chance to step into a fully operational, high-volume Bergen County hospitality destination with both stability and upside potential.
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Turnkey Japanese Fusion Restaurant & Lounge | 23 E Palisade Ave
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