Description
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.
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0BEDS
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64837ACRES
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0BATHS
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41/2 BATHS
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33,598SQFT
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$283$/SQFT
School Ratings & Info
Description
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.
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