310-622-1916
377 Keahole St, Honolulu, HI for Sale
Freestanding - FOR SALE
1/22
null | Request Cap Rate

377 Keahole St
Honolulu, HI 96825
Hawaii Kai


HIGHLIGHTS

  • Value-Add Grocery Anchored Retail Center
  • Top Performing Grocery Location
  • Irreplaceable Location & Limited Retail Supply
  • Extremely Attractive Going-In Yield
  • Fully Depreciable Asset
  • Significant Upside Potential From Ground Lease Extension

OVERVIEW

Hawaii Kai Shopping Center is a 144,797 square foot grocery-anchored shopping center in the Hawaii Kai neighborhood of Honolulu, Hawaii. The Property is currently 79% leased and anchored by one of the country’s top grocers, Safeway, through 2036. Safeway has shown exceptional commitment to the Property starting over 40 years ago as the Center’s original anchor tenant. In 2022, Safeway, again, displayed its commitment by exercising its second 15-year renewal option to 2036. The Property’s other tenants complement Safeway and offer an investor a mix of national and regional tenants, including CVS, popular local restaurants, and other daily needs. The Center is unique since it is one of only a handful of retail centers in the Hawaii Kai neighborhood. Developed by Henry J. Kaiser in the 1960s, the Hawaii Kai neighborhood, is one of the most affluent communities within the Honolulu metro area - the highest populated area of Hawaii.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Hawaii Kai Shopping Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

SPRINKLERS

-

PARKING SPACES

544

LAND DETAILS

LAND ACRES

10.32 AC

LAND SF

449,539 SF

ZONING

B-2 & P-1

APN/PARCEL ID

1-3-9-008-018-0000,1-3-9-008-019-0000,1-3-9-008-020-000,1-3-9-008-021-0000,1-3-9-008-022-0000,1-3-9-008-023-0000,1-3-9-008-024-0000,1-3-9-008-028-0000

ASK ABOUT THIS PROPERTY

Mark SchuesslerColliersMore Info
310-622-1916

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Mark SchuesslerColliersMore Info
310-622-1916

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