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Kailua, Kailua Town, 36 Oneawa Street

36 Oneawa Street, Kailua, HI, 96734

$3,995,000 No Taxes

Listing Number: 201933778 Listing provided courtesy of Standard Management LLC
About this listing
FEE INTEREST FOR SALE IN LEASEHOLD PROPERTY! PROFORMA 11.8% CAP RATE IN 2026! The offering represents an extremely rare opportunity to acquire the fee interest in a trophy property which has a long-term ground lease with an excellent tenant, Zippy's, Inc. The property is located in a prime location on Oneawa Street, a main thoroughfare in Kailua. The ground lease provides for a passive investment structure with tremendous upside potential when the ground rent adjusts to fair market in 2026. A portion of the retail improvements are situated on the property with the balance situated on the adjacent parcel which is not included in the offering.
Property Information
  • Finance Details
    • Taxes: $2373.00
    • Tax Year: 2019
  • Property Type: Other
  • Lot Size
    • Land Area Acres: 0.399357208448
  • Approx year built: 1986
  • Additional
    • Tenant Pays: AC Maintenance,Common Area Maintenance,Electricity
  • Property Features
    • Septic Sewer: Connected
    • Lot Desc: Main Street
    • Stories: One
    • MLS Area: Kailua
    • Neighborhood: KAILUA TOWN
    • Parking: On Site
    • Zoning: 33 - BMX-3 Community Business M
    • Cooling: Individual
    • Flood Zone: Zone X
    • Floors Description: Other
    • Roof: Other
    • Utilities: Gas,Large Water Meter,Light Electricity
    • Condition: Excellent
    • Best Use: Restaurant
    • Documents Available: Lease Documents
    • Construction: Concrete Block
    • Easements: None
    • Amenities: None
  • Address
    • County: Honolulu
    • Property Location: FS - Fee Simple
Courtesy Of
Michael M Okamoto
Standard Management LLC

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