Building Details

Year Built 1989

Buildings 2

Tenancy Multi

Listing Agency: Colliers - Honolulu, Hawaii

Listed By: Andy Kazama · License #HI RS-68575 Show Phone

Source: Crexi

Added: May 23 Changed: Sep 30 Last Checked: Oct 16 at 6:20AM

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Investment Insights

Based on property information with market context.

Located along Kuhio Highway, Kauai's primary commercial arterial connecting Lihue and the island's resort corridor, this property offers visibility and accessibility in an active retail area. The fee simple parcel spans 30,000 square feet and features frontage on a high-traffic corridor, benefiting from consistent resident and visitor traffic. The property includes two well-maintained commercial buildings totaling 5,048 square feet. Building 1, comprising 2,488 square feet, is a sit-down restaurant. Building 2, at 2,560 square feet, houses a Seven-Eleven convenience store, which has been at this location since 1985. Both buildings are fully occupied and generating income. The site also provides over 11,000 square feet of paved surface parking. Lihue is the business and commercial epicenter of Kauai, supported by tourism, hospitality, retail, and service sectors. It is accessible through its primary airport with flights from major mainland cities and inter-island routes. Lihue's commercial activity is supported by a residential population of approximately 12,000 residents, a government and professional services workforce, and essential retail services. Kuhio Highway functions as Lihue’s primary commercial spine, connecting Lihue Airport to the town center and the Coconut Coast, serving as a daily route for residents, workers, and visitors.

Key Highlights

• High‑traffic location on Kuhio Highway, Kauai's primary commercial arterial, ensuring exceptional visibility and accessibility.
• Two fully occupied commercial buildings (5,048 sq ft total) generating immediate income: a restaurant and a Seven‑Eleven.
• Stable demand base in Lihue, anchored by a residential population, government workforce.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$144,215

Cap Rate

3.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,884,300 $2.9M

Cap Rate 7%

$2,060,214 $2.1M

Cap Rate 9%

$1,602,389 $1.6M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,148 SF

Gross rent

$204.2K $39.66/SF

− Vacancy

−$11.9K −$2.31/SF

EGI

$192.3K $37.35/SF

− OpEx

−$48.1K −$9.34/SF

NOI

$144.2K $28.01/SF

Area

Kauai County, HI

Vacancy

5.82%

Lease Rate

$39.66 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,884,300

Cap Rate 7%

$2,060,214

Cap Rate 9%

$1,602,389

Alternative Uses

Best Use

Specialty Retail

$2.06M

$1.80M – $2.40M (±1% cap)

NOI $144,215 @ 7.0% cap · market cap 3.90%

Second Best

Retail

$1.95M

$1.70M – $2.27M (±1% cap)

NOI $136,265 @ 7.0% cap · market cap 3.68%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

7-Eleven Grocery & Convenience Store ATM Atm

Location Intelligence

Demographics for 96766, HI

16,937

Population

5,562

Households

3

Avg Household Size

43

Median Age

29%

College-Educated

94%

High-School Grad

93.7 sq mi

ZIP Area

181

Density / Sq Mi

$96,434

Median Household Income

$44,586

Median Earnings

$1,904

Median Rent

$751,800

Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - High-visibility commercial property in Lihue with established tenants.

Where is this grocery and convenience store located?

The property is located at 3-3152 Kuhio Hwy Lihue, HI.

What is the asking price?

The asking price for this property is $3,700,000.

What are key features of this property?

This property features: High‑traffic location on Kuhio Highway, Kauai's primary commercial arterial, ensuring exceptional visibility and accessibility.; Two fully occupied commercial buildings (5,048 sq ft total) generating immediate income: a restaurant and a Seven‑Eleven.; Stable demand base in Lihue, anchored by a residential population, government workforce.