377 Keahole St - Freestanding FOR SALE
Honolulu, HI 96825 |
377 Keahole St
Honolulu, HI 96825
HIGHLIGHTS
- Value-Add Grocery Anchored Retail Center: The Property is currently 80% leased with 7.79 years of weighted average lease term and anchored by Safeway
- Top Performing Grocery Location. Safeway, now a subsidiary of Albertsons, is one of the largest grocers in the United States and a major grocer in HI
- Irreplaceable Location & Limited Retail Supply. The Hawaii Kai Shopping Center is built within the historical Kuapa Pond
- Extremely Attractive Going-In Yield. With ~ 8 years of WALT, investors will benefit from a very attractive going-in yield with stable cash flows
- Significant Upside Potential from Ground Lease Extension.
- Fully Depreciable Asset. Investors will benefit from taking 100% depreciation due to the leasehold interest of the acquisition.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY NAME
REO: Grocery Anchored Hawaii Shopping Center
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
144793
STORIES
1
YEAR BUILT
1980
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
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LAND SF
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ZONING
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APN/PARCEL ID
1-3-9-008-018-0000,1-3-9-008-019-0000,1-3-9-008-021-0000,1-3-9-008-022-0000,1-3-9-008-023-0000,1-3-9-008-024-0000,1-3-9-008-028-0000
