Home Depot Ground Lease
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421 Alakawa Street, Honolulu, HI 96817
Ground lease asset anchored by a Home Depot store with dedicated structured parking in Honolulu.
Property Size129,494 SF
Lot Size9.00 Acres
Days on Market5
Property Features for 421 Alakawa Street
General Information
Standard status
Active
Size
129,494 SF
Lot size
9.00 Acres
Property subtype
Retail
Occupancy
100%
Additional Details
Land Use
retail
Amenities
parking structure
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
JLL - Honolulu, Hawaii
Listed By:
Brant Yasaka · License #HI68051
(808) 271-4697
Source:
Crexi
Added: Sep 9
Changed: Sep 12
Last Checked: Sep 13 at 6:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Honolulu, Hawaii
Investment Insights
Based on property information with market context.
This NNN property comprises an approximately 9.0-acre site in Honolulu, Hawaii, subject to a ground lease with Home Depot U.S.A., Inc. The improvements include a 129,494-square-foot Home Depot and a dedicated 110,479-square-foot parking structure, an important site feature in land-constrained Honolulu.
The ground lease has approximately 3.3 years remaining and includes three five-year renewal options, along with 10.0% rental increases every five years. The property is located at 421 Alakawa Street within the Iwilei-Kapalama district. The store records more than 1.6 million annual visits and is identified as the 9th most visited Home Depot nationwide.
The ground lease has approximately 3.3 years remaining and includes three five-year renewal options, along with 10.0% rental increases every five years. The property is located at 421 Alakawa Street within the Iwilei-Kapalama district. The store records more than 1.6 million annual visits and is identified as the 9th most visited Home Depot nationwide.
Key Highlights
- Approximately ±9.0‑acre Honolulu site subject to a Home Depot ground lease
- 129,494‑square‑foot Home Depot building
- Dedicated 110,479‑square‑foot parking structure
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Demographics for 96817, HI
56,823
Population
21,489
Households
2.6
Avg Household Size
46
Median Age
30%
College-Educated
84%
High-School Grad
9.3 sq mi
ZIP Area
6,110
Density / Sq Mi
$74,690
Median Household Income
$42,492
Median Earnings
$1,419
Median Rent
$930,000
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
NNN property - Ground lease asset anchored by a Home Depot store with dedicated structured parking in Honolulu.
Where is this nnn property located?
The property is located at 421 Alakawa Street Honolulu, HI.
What are key features of this property?
This property features: Approximately ±9.0‑acre Honolulu site subject to a Home Depot ground lease; 129,494‑square‑foot Home Depot building; Dedicated 110,479‑square‑foot parking structure
