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Property profile

68-1820 Waikoloa Rd Pepeekeo, HI 96728

OFF-MARKET
Lifestyle centers
1,300,000 SF
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Property summary

AI-generated overview

Waikoloa Plaza, a thriving retail shopping center in Waikoloa Village on Hawaii's Big Island, presents an exceptional investment opportunity. This 130,269 square foot center sits on an expansive 18-acre parcel within a planned mixed-use development, offering a strategic location and strong growth potential. Currently, 17,719 square feet of retail space is available, divisible into units ranging from a minimum of 1,100 square feet to a maximum contiguous space of 4,500 square feet. Seven spaces are currently available for lease. The center boasts a diverse tenant mix, including national, regional, and local businesses offering retail, restaurants, and personal services. A key anchor tenant is Foodland, a subsidiary of the Sullivan Family of Companies. The property's prime location offers convenient access to a substantial customer base. Within a 20-minute drive of Kona International Airport, Waikoloa Plaza benefits from the high volume of tourism in the area, with 30,000 weekly rental car tourists and 11,000 hotel rooms, condos, and timeshares nearby. The Waikoloa Village Golf Club, an 18-hole course, is directly across from the center, further enhancing its visibility and accessibility. The development also includes 66 two-bedroom/one-bathroom apartment lofts, catering to the workforce and addressing the demand for affordable housing in the area. This contributes to a vibrant and growing community, ensuring a strong and stable customer base for the retail center. The total building size is 1,300,000 square feet.

Property profile

Verified
Property type Lifestyle centers
Total area 1,300,000 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

68-1820 Waikoloa Rd Pepeekeo, HI 96728
Pepeekeo metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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