Coconut Grove Marketplace Retail FOR SALE


Kailua Kona, HI
$41,078,000 USD
949-271-1170
, Kailua Kona, HI for Sale
$41,078,000 USD
Retail - FOR SALE
1/10
null | 7.25% Cap Rate

Coconut Grove Marketplace
Kailua Kona, HI


HIGHLIGHTS

  • Rare Fee Simple Coastal Retail Asset - Ideally positioned in the heavily trafficked town of Kailua-Kona on the Big Island
  • Exclusive Beachfront Parking - Featuring over 250 parking spaces, the property benefits from this rare amenity in the area.
  • Long-Term Income Stream - The property’s tenant base has a Weighted Average Lease Term (WALT) of approximately 9.8 years.
  • Embedded NOI Growth - The property features favorable lease structures with embed¬ded rental increases, CAGR of approximately 3.6%.
  • Strong Tourism Market – The Big Island attracted over 1.78 million annual visitors in 2023; a 6.7% increase over 2022.
  • Growing Residential Submarket – The trade area is experiencing rapid growth, with an increase in population of 15% between 2020 and 2024.

OVERVIEW

A rare fee-simple investment opportunity in Hawaii, Coconut Grove Marketplace is a premier oceanfront retail destination encompassing approximately 50,133 square feet of GLA and locat¬ed in the vibrant coastal community of Kailua-Kona, along the renowned West Coast of Hawaii’s Big Island. Optimally positioned along highly-trafficked Ali‘i Drive, the property serves as a central hub for both residents and the Kona region’s thriving tourist population. Surrounded by notable traffic drivers, including the 436-room Royal Kona Resort and the soon to be completed 123-room Hampton Inn Kona Bay Hotel, Coconut Grove Marketplace benefits from its centralized location in a bustling resort and residential corridor. Featuring a diverse and e-commerce-resistant tenant mix, Coconut Grove Marketplace features a range of established and specialty tenants, including ABC Stores, Humpy’s Alehouse, Island Lava Java, and Jack’s Diving Locker. This curated lineup, coupled with unique amenities such as a sand volleyball court and amphitheater, differentiates the property as a vibrant destination in the Kona region. Hawaii Broker of Record: SVN Go Commercial, Gregory G. Ogin HI DRE# RB-16053

ASK ABOUT THIS PROPERTY

Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

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Aaron BettencourtREZA Investment Group, Inc.More Info
949-271-1170

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