75-1000 Henry St
$9,500,000
About this property
This is a leasehold property. Thirty-four years remain on the ground lease with known rent for the next thirteen years. The property provides significant cash flow and return on investment while owning a trophy mixed-use office and retail building with the best location in its market area of Kailua-Kona, on the Island of Hawai'i. Planet Fitness, the anchor tenant, occupies the entire first floor with 7 years and 8 months remaining, with three 5-year options and 12% rent increases every 4 years. A strong tenant mix on the 2nd floor, with escrow, legal, business, government, and wealth management services.
Property details
- Property type
- Office,Retail
- Year built
- 1997
- Lot size
- 1.49 ac
- Land tenure
- Leasehold
- District
- North Kona
- Subdivision
- LANIHAU 1ST - HIENALOLI 1ST
- View
- City, Ocean, Sunset
- Pool
- No
- Annual taxes
- $89,585
- Zoning
- CG-20
- MLS #
- 719905
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