Kailua Town Commercial

36 Oneawa Street, Kailua, Oahu 96734 Get Directions

SOLD

 

Lot Size Area
17,396 SqFt
Land Tenure
Fee Simple
MLS #
202011814
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Overview

OFFERS DUE 7/2/2020. FEE INTEREST FOR SALE! IN-PLACE 3.2% CAP RATE WITH HUGE UPSIDE POTENTIAL WHEN RENT RESETS IN 2026! The offering represents an extremely rare opportunity to acquire the fee interest in a trophy property which has a long-term ground lease with an excellent tenant, Zippy’s, Inc. The property is located in a prime location on Oneawa Street, a main thoroughfare in Kailua. The ground lease provides for a passive investment structure with tremendous upside potential when the ground rent adjusts to fair market in 2026. A portion of the retail improvements are situated on the property with the balance situated on the adjacent parcel which is not included in the offering.

Property Details

Building Name
N/A
Business Type
Free Standing, Restaurant
Sold Date
11/13/2020
Sold Price
$3,160,000
Construction Materials
Concrete Block
Flooring
Other
Gross Income
$105,576
Neighborhood
Kailua Town
Net Operating Income
105576.00
Parking Features
On Site
Property Frontage
Main Street
Property Type
Commercial/Industrial
Status
Sold
Stories
1
Total Actual Rent
$8,798
Year Built
1986

Additional Property Info

Active Continue To Show Date
07/07/2020
Days on Market
41
Flood Zone
Zone X
Property Condition
Excellent
Roof
Other
Tax Amount
$2,373
Tax Assessed Value
$2,487,600
Tax Assessed Value Land
$2,487,600
Utilities
Gas, Large Water Meter, Light Electricity
Zoning
33 - BMX-3 Community Business M

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Listing Courtesy of Standard Management LLC Courtesy of Michael M Okamoto, Standard Management LLC.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2024 by HiCentral MLS, Ltd.

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