4-776 Kuhio Hwy Kapaa, HI 96746-1544

Property Details for 4-776 Kuhio Hwy

Year built

2019

Lot size

0.22 lot acres

Property size

816 SF

Zone code

CN

Property type

Commercial real estate

APN

4-4-3-007-004

APU

443007004

Description

Exceptional opportunity to acquire a well-established wine and spirits business located at 4-776 Kuhio Hwy, Kapaa, HI 96746. This single-unit, 816 square foot Class A business, built in 2018 and renovated in 2021, sits on a 9,440 square foot lot with 8 parking spaces. Currently operating under a modified lease with a credit-rated tenant, the lease commenced May 1, 2022, and expires April 30, 2026, leaving approximately 1.4 years remaining. The business boasts a 100% occupancy rate since January 1, 2023, generating a Net Operating Income (NOI) of $25,000, resulting in a 12.56% cap rate. The asking price is $199,000, translating to $243.87 per square foot. The lease includes a 3% annual rent bump. The property is zoned CG and offers an assignment lease option. This turnkey operation includes fixtures, furniture, and equipment (FF&E) and inventory valued at $175,000. The business benefits from a prime location on the main highway in Kapaa town, attracting significant foot traffic from tourists and locals alike, situated just a block from the ocean and within walking distance of major hotels. This presents a unique opportunity for an owner/user to capitalize on a thriving business in a desirable location.