2580 Kekaa Dr - Storefront FOR SALE


Lahaina, HI 96761
$11,500,000 USD
808-521-1200
2580 Kekaa Dr, Lahaina, HI for Sale
$11,500,000 USD
Storefront - FOR SALE
1/6
null | 4% Cap Rate

2580 Kekaa Dr
Lahaina, HI 96761


HIGHLIGHTS

  • Absolute Triple Net (NNN) Lease
  • Strong Locally Based Tenant Mix
  • High Barriers to Entry
  • Irreplaceable Centralized Location

OVERVIEW

CBRE Capital Markets, as exclusive advisor, has been retained to sell the Leased Fee interest in the property known as the Fairway Shops, located at 2580 Kekaa Drive, Kaanapali, Maui. The property consists of approximately 3.15 acres of BR zoned land leased through May 31, 2077 (approximately 52 years) with known rent increases throughout the term of the lease. The 34,668 square feet of improvements lies on 3.15 acres and is leased to Fairway Shops Maui, LLC who is responsible for all property expenses. This property provides high visibility on primary thoroughfare of Hanoapiilani Highway as the gateway into and out of West Maui. The property resides within a strong residential demographic trade area and home to over 13,000 residents and a $108,000 average household income within a 3-mile radius of the subject property.

FOR SALE DETAILS

PRICE

$11,500,000 USD

PRICE/SF

$324 USD /SF

CAP RATE

4%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Fairway Shops At Kaanapali

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

218

LAND DETAILS

LAND ACRES

3.15 AC

LAND SF

137,214 SF

ZONING

BR

APN/PARCEL ID

2-4-4-008-017-0000

ASK ABOUT THIS PROPERTY

Matthew BittickCBRE, Inc.More Info
808-521-1200

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Matthew BittickCBRE, Inc.More Info
808-521-1200

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.