FEE SIMPLE, 100% LEASED GROCERY STORE, WAREHOUSE, AND YARD SPACE AT 5.8% IN-PLACE CAP RATE AND PROFORMA 8% YEAR 3 CAP RATE! The offering represents an incredible value-add opportunity for an investor or owner-user to acquire a 100% leased, fee simple, mixed-use retail and industrial property in Kalaeloa, Kapolei. The 28,500 square foot grocery store and warehouse spaces are leased at below-market rents to Tamura Enterprises, Inc., a successful Hawaii-based grocery, fine wine and liquor store with eight locations throughout Hawaii. The is an additional 49,121 square feet of paved and fenced yard space which is leased to an industrial tenant and also represents an excellent development opportunity. Several developments slated in the new few years in Kalaeloa which are expected to result in a significant increase in the number of residents in the area. The property has easy access to several business and industrial areas as well as the H-1 freeway.
Large Water Meter, Light Electricity
63 - Military & Federal Preserv
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