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3055 Route 23 3,219 SF of Retail Space Available in Oak Ridge, NJ 07438
Space Availability (1)
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- Space
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- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 3,219 SF | 5-10 Years | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Prime opportunity to lease a fully equipped, turnkey restaurant located directly on Route 23, offering outstanding visibility to both northbound and southbound traffic with an estimated 50,000+ vehicles passing daily. Situated next to a legal cannabis dispensary, this location benefits from a strong built-in customer base and significant future growth potential. The property has undergone extensive recent renovations, creating a modern, highly functional space that's ready for immediate operation. The lease includes the entire upstairs level, providing additional flexibility for offices, storage, or other business needs. Property Features Excellent highway frontage with exceptional visibility 50,000+ vehicles per day (approximate traffic count) Adjacent to a legal cannabis dispensary Ample on-site parking Upstairs space included in the lease Full-size basement for storage Fully built-out dining area, kitchen, and bar Included Equipment Fully built-out bar Bakers Pride pizza oven Hobart commercial dough mixer (2) Vulcan gas ranges (2) Commercial deep fryers 30-foot commercial exhaust hood 30 feet of kitchen line equipment Walk-in cooler POS system (grandfathered with no monthly software expense) New high-efficiency mini-split HVAC system Numerous additional fixtures and restaurant equipment Recent Property Improvements Brand-new LED pylon signage visible from both directions of Route 23 New landscaping Newly striped parking lot New fencing and exterior site improvements Newly refinished floors New ADA-accessible entrance ramp New glass storefront doors Landlord Tenant Improvement Package The landlord will provide substantial tenant improvements, including: Expansion of the restaurant footprint to increase usable space Fresh interior paint Two beautifully gut-renovated bathrooms featuring floor-to-ceiling tile Exterior signage designed, fabricated, and installed at no cost to the tenant Fresh parking lot striping New landscaping New fencing around dumpsters and service areas Additional exterior and site enhancements Key Money $50,000 Includes: Fully built-out restaurant Complete commercial kitchen Fully built-out bar Dining area Existing food inventory Liquor inventory Liquor License Opportunity An option is available to purchase the existing liquor license, valued at approximately $150,000. The license may be purchased either at closing or within several years after acquiring the business, providing flexibility for the new operator.
- Fully Built-Out as a Restaurant or Café Space
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 | 3,219 SF | Gross Leasable Area | 5,600 SF |
| Property Type | Retail | Year Built/Renovated | 2000/2003 |
| Property Subtype | Restaurant | Parking Ratio | 12.5/1,000 SF |
| Total Space Available | 3,219 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,600 SF |
| Year Built/Renovated | 2000/2003 |
| Parking Ratio | 12.5/1,000 SF |
About the Property
Prime Highway Restaurant Opportunity with Liquor License Rare opportunity to lease a fully built-out restaurant in a high-exposure location directly on a major highway, capturing traffic traveling both northbound and southbound. With exceptional visibility and steady daily traffic, this location offers outstanding potential for a restaurant, bar, lounge, or hospitality concept. The property is home to two tenants, including a successful, fully operational cannabis dispensary that generates consistent customer traffic and provides built-in exposure for neighboring businesses. The available restaurant space includes a valuable liquor license, allowing a new operator to open with a significant competitive advantage. Property Highlights: Turnkey restaurant space with liquor license included Prime highway frontage with exposure to northbound and southbound traffic Located alongside a high-volume licensed cannabis dispensary Excellent visibility with prominent signage opportunities Ample on-site parking Ideal for a restaurant, sports bar, gastropub, cocktail lounge, or entertainment venue Strong daytime and evening customer potential driven by passing traffic and neighboring businesses This is a unique opportunity to establish your business in one of the area's most visible commercial locations with built-in customer traffic and exceptional growth potential.
Contact the Leasing Agent
3055 Route 23