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Maili Aloha Petroleum & Vacant Land 87-718 Farrington Hwy 4,187 SF 36% Leased Retail Building Waianae, HI 96792 $5,402,415 CAD ($1,290.28 CAD/SF)
Investment Highlights
- Long Term Ground Lease Remaining
- Functional, Well Sized Improvements
- High Traffic, High Visibility Location
- Desirable B-2 Business Zoning
- Expansive Land Area for Growth
- Established Tenant with Proven Track Record
Executive Summary
The Maili Aloha Petroleum is located at 87-718 Farrington Highway in Waianae, Hawaii and represents a rare opportunity to acquire the fee simple interest (land and building) in a NNN leased free-standing investment on Oahu. The property is tenanted by Aloha Petroleum, Ltd., operating a fuel station paired with a 2,680 square foot convenience store occupied by 7-Eleven. The property benefits from exceptional visibility and consistent traffic volume along Farrington Highway (27.6K VPD). The tenant has 11+ years remaining on the current lease term, currently set to expire June 30, 2037. The lease features two rent re-openings in 2027 and 2032, offering near term NOI growth and future upside.
In addition to the net leased investment, the offering also includes nearly 2 acres (86,510 SF) of undeveloped B-2 zoned land directly behind the fueling and retail structures. This vacant land adds significant long term upside through ground leasing, expansion, or value add commercial improvements. Situated in the growing Waianae submarket, the property combines stable in place income with strategic development potential, making it a compelling investment for buyers seeking both security and long term appreciation.
In addition to the net leased investment, the offering also includes nearly 2 acres (86,510 SF) of undeveloped B-2 zoned land directly behind the fueling and retail structures. This vacant land adds significant long term upside through ground leasing, expansion, or value add commercial improvements. Situated in the growing Waianae submarket, the property combines stable in place income with strategic development potential, making it a compelling investment for buyers seeking both security and long term appreciation.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Convenience Store
Building Size
4,187 SF
Building Class
C
Year Built
1987
Price
$5,402,415 CAD
Price Per SF
$1,290.28 CAD
Percent Leased
36%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
9’
Building FAR
0.04
Lot Size
2.58 AC
Zoning
B-2
Parking
8 Spaces (1.91 Spaces per 1,000 SF Leased)
Frontage
390’ on Farrington Hwy
Amenities
- Bus Line
- Signage
Somewhat walkable
20/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 1-8-7-023-076-0000 | Improvements Assessment | $222,167 CAD |
| Land Assessment | $857,028 CAD | Total Assessment | $1,079,194 CAD |
Property Taxes
Parcel Number
1-8-7-023-076-0000
Land Assessment
$857,028 CAD
Improvements Assessment
$222,167 CAD
Total Assessment
$1,079,194 CAD
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Maili Aloha Petroleum & Vacant Land | 87-718 Farrington Hwy
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