REMARKS:
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.
* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating
Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Thursday, March 28, 2024. Information is deemed
reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Standard Management LLC