4-1105 Kuhio Hwy Kapaʻa, HI 96746

This established Kapa'a, Kauai pizza restaurant is for sale for $399,000. The 1,442 square foot, single-story building, built in 1967 and renovated in 2019, sits on a 184,131 square foot lot and includes 7 parking spaces. The property is zoned CG and operates under a NNN lease with a credit-rated tenant, expiring December 1, 2024. The business boasts a 100% occupancy rate and a strong financial history, with annual gross sales exceeding $1.1 million. All fixtures, furnishings, equipment (FFE), a point-of-sale system, and a customer database of over 21,000 profiles are included in the sale. The sale presents a turnkey opportunity with significant growth potential, including adding menu items and obtaining a liquor license. The prime location near over 2,000 condo units ensures a steady stream of customers. This is a rare opportunity to acquire a profitable and well-established business in a desirable location. The property features a single unit in a Class B building. The lease commenced August 21, 2019, and is a 5-year lease. The price per square foot is $103.33. The reported cap rate and pro-forma cap rate are both 83.22%, and the NOI and pro-forma NOI are both $0.