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Lehua Center 750 Kanoelehua Ave 11,984 SF 100% Leased Retail Building Hilo, HI 96720 $1,695,168 CAD ($141.45 CAD/SF) 11.44% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy Vehicular Traffic
EXECUTIVE SUMMARY
This is a leasehold property. NOI is Proforma. Prime commercial property for sale (leasehold) on busy Kanoelehua Ave., just minutes to Hilo International Airport. The center is known as Lehua Center and includes four retail spaces totaling 5,992 sq. ft. of leasable area. Each space has it's own private restroom and is individually metered for electricity. There are 25 parking stalls. The land area is 21,050 sq. ft. and is zoned MCX-20. The original 60 year ground lease has approximately 44 years remaining with known ground rents until 8/31/29. The fee is not available, but there is a first right of refusal. The entire property is leased to a single tenant until September 30, 2027. That tenant, in turn subleases the individual spaces. Sublessor is responsible for building exterior repairs and common area maintenance. Sublessee is responsible maintaining the interior spaces. Priced below 2023 appraisal. Please DO NOT disturb tenants. Offer subject to inspection.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leasehold)
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,984 SF
Building Class
B
Year Built
2017
Price
$1,695,168 CAD
Price Per SF
$141.45 CAD
Cap Rate
11.44%
NOI
$193,963 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.57
Lot Size
0.48 AC
Opportunity Zone
Yes
Zoning
MCX-20 - Commercial
Parking
34 Spaces (2.84 Spaces per 1,000 SF Leased)
Frontage
100’ on Kanoelehua
AMENITIES
- Signage
- Tenant Controlled HVAC
- Air Conditioning
- Smoke Detector
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 3-2-2-037-029-0000 | Improvements Assessment | $1,550,906 CAD |
| Land Assessment | $535,066 CAD | Total Assessment | $2,085,972 CAD |
PROPERTY TAXES
Parcel Number
3-2-2-037-029-0000
Land Assessment
$535,066 CAD
Improvements Assessment
$1,550,906 CAD
Total Assessment
$2,085,972 CAD
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Lehua Center | 750 Kanoelehua Ave
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