1950 Kalihi St, Honolulu, HI

$1,900,000

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1,144

Square feet

0.27

Acres

About 1950 Kalihi St

EXCELLENT 1031 EXCHANGE OPPORTUNITY WITH IN-PLACE 4.5% CAP RATE WITH $85,558 IN PASSIVE CASH FLOW! LONG-TERM LEASE TO PAR HAWAII, HAWAII’S #1 RANKED COMPANY FOR 2023 (Hawaii Business Magazine). Incredible opportunity for an investor to acquire a fee simple single-tenant retail property with a long-term absolute triple net (NNN) lease to an excellent tenant, Par Hawaii, LLC (“Par Hawaii”). Par Hawaii was ranked the #1 in 2023 by Hawaii Business Magazine for its Top 250 list of Hawaii companies, with an annual revenue of $4.4 billion. Par Hawaii operates over 90 retail locations in Hawaii under the Hele, 76, and nomnom brands, in addition to an oil refinery which provides fuel to the islands. The lease structure allows for a passive management investment, with the tenant solely responsible for all costs of maintaining and operating the property. This property is the only gas station servicing the entire Kalihi Valley, making it high performing location on a busy thoroughfare. There is a clean environmental report as well.

Features of 1950 Kalihi St

MLS® # 202313267
Price $1,900,000
Bathrooms 0.00
Square Footage 1,144
Acres 0.27
Year Built 1961
Type Commercial
Sub-Type Commercial/Industrial
Status In Escrow – Showing

Community Information

Address 1950 Kalihi St
Area Metro
Subdivision KALIHI-UPPER
City Honolulu
State HI
Zip Code 96819

Amenities

Amenities Private Restroom
Utilities Large Water Meter, Light Electricity
Parking On Site, Street
Is Waterfront No
Has Pool No

Interior

Fireplace No
Stories One
Has Basement No

Exterior

Exterior Concrete Block, Metal Frame, Other
Construction Concrete Block, Metal Frame, Other

School Information

Elementary Kapalama
Middle Dole
High Farrington

Additional Information

Date Listed June 6th, 2023
Days on Market 347

Listing Details

OfficeStandard Management LLC
Contact Info(808) 208-8107

Listing Map

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