1000 Henry St. Kailua-Kona, Hawaiʻi
Price: $9,500,000
Kailua-Kona’s Premier Opportunity Zone
Investment 10%+ Cap Rate | 1031/OZ Tax Benefits
~34-Year Leasehold Interest – Long-term control of a high-value property
10%+ 2024 Actual Cap Rate and Projected 14%+ IRR – Exceptional yield in today’s market
Stable NNN Leases – Creditworthy tenants cover expenses; passive income secured. The Planet Fitness franchisee is one of the largest in the chain,with locations in NY, MA, CA, and HI. It has made a significant investment in the leased space, with over seven years remaining on the initial term of the lease andthree 5-year options to extend. The NNN lease includes rent increases of 12% every fourth year (applicable to both the initial term and option periods)
1031 Exchange Solution – Defer taxes and pivot into high cash flow with zero reliance on resale to reap superior returns on investment
Own a Class A Office/Retail Asset in a Premier Location
Prime Location: Class A building commanding top-tier tenants. Intersection of Henry St. and Queen Kaʻahumanu Hwy. is one of the busiest on the island.
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Demographics
Median Household Income $94,618 within a 5-mile radius
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Inflation Hedge
Long-term leases with built-in rent escalations
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Immediate Cash Flow
High annual income replaces speculative appreciation
1000 Henry St. Gallery
Joel K. LaPinta, CCIM R® (JKL) and Seller will not permit the disclosure of any Informational Materials to a Potential Purchaser unless Potential Purchaser has executed the approved Registration, Confidentiality & Waiver Agreement (RCW). Upon JKL's receipt of this executed RCW, the Informational Materials will be provided for the Potential Purchaser’s consideration in connection with the possible purchase of the Property, subject to the conditions set forth in the RCW.
Notice to Real Estate Brokers representing a buyer: No commission shall be paid to a broker representing a purchaser unless the broker is identified in the initial RCW signed by the Potential Purchaser. The conditions of the RCW apply. Identification of broker must include the information requested in the RCW for the broker and signature of the Principal Broker or Broker-in-Charge of the real estate office identified in the RCW.