Lehua Center | 750 Kanoelehua Ave
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Lehua Center 750 Kanoelehua Ave
11,984 SF 100% Leased Retail Building Hilo, HI 96720 £1,073,644 (£90/SF) 7.86% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Heavy Vehicular Traffic
EXECUTIVE SUMMARY
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 11,984 sq. ft. of leasable area. 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. Lessor is responsible for building exterior repairs and common area maintenance.
Lessee is responsible maintaining the interior spaces. Priced below 2023 appraisal. Please DO NOT disturb tenants. Offer subject to inspection.
Lessee 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 | ANNUAL PER SF |
|---|---|---|
| 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 | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Ground Lease Sold
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
11,984 SF
Building Class
B
Year Built
2017
Price
£1,073,644
Price Per SF
£90
Net Initial Yield
7.86%
NOI
£84,426
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
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 ft 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 | £888,102 (2024) |
| Land Assessment | £303,324 (2024) | Total Assessment | £1,191,427 (2024) |
PROPERTY TAXES
Parcel Number
3-2-2-037-029-0000
Land Assessment
£303,324 (2024)
Improvements Assessment
£888,102 (2024)
Total Assessment
£1,191,427 (2024)
1 of 26
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Lehua Center | 750 Kanoelehua Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.