3-3100 to 3-3142 Kuhio Hwy hwy - Retail FOR SALE


Lihue, HI 96766
$10,000,000 USD
808-521-1200
3-3100 to 3-3142 Kuhio Hwy hwy, Lihue, HI for Sale
$10,000,000 USD
Retail - FOR SALE
1/8
null | 4.07% Cap Rate

NEW


3-3100 to 3-3142 Kuhio Hwy hwy
Lihue, HI 96766


HIGHLIGHTS

  • Stable leased-fee interest investment opportunity
  • Periodic rent increases with ground lease term expiring on 2/28/2041
  • Single level strip retail center along one of Kauai’s primary thoroughfare
  • Existing improvement include 5 buildings with 48,505 square feet of leasable area
  • Highly financeable asset with exceptional real estate fundamentals
  • Value enhancement opportunity by leasing up the multi-tenant freestanding building located on lot 87

OVERVIEW

CBRE Capital Markets, as exclusive advisor, is pleased to present the opportunity to acquire 4 Fee Simple Ground Leased properties and 1 Fee Simple property (“the Property”) located on Kauai in central Lihue. The Property consists of approximately 5 parcels consisting of 2.21 acres of GC (Geneal Commercial) zoned land ground leased through 2/28/41 by Lihue Town Center Properties, Inc. (Calvary Chapel Lihue) and an adjacent parcel totaling 0.34 acres of land with 4,383 square foot multitenant commercial building. All properties are adjacent to one another.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$206 USD /SF

CAP RATE

4.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Lihue Town Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

CG

APN/PARCEL ID

4-3-6-006-087-0000

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.