The property presents an excellent redevelopment opportunity along the major thoroughfare, Kaneohe Bay Drive, with over 20,500 cars passing by the property daily. The 10,001 SF fee simple site is currently occupied by a 1,475 SF convenience store which lease expires in 2019. The in-place lease would enable the buyer or new tenant to draft plans and submit for building permits if necessary for their use while offsetting ownership costs with rental revenue from the existing tenant occupying the building.
Investment Highlights
- Fee Simple Opportunity
- Upside Potential
- Prime Retail/Office Redevelopment Opportunity
- Potential to Accommodate a 3.5-story Building
- Significant Barriers to Entry
- Only B-1 Zoned Available Parcel on Kaneohe Bay Drive
- Lack of New Commercial Development
- Well-Located Asset on Highly Traveled Road
- Fully-Leased Investment Property
- Single Tenant NNN Lease
- Easy to Manage
- Ample Parking
- Corner Location with Excellent Visibility and Easy Access
For Property website, please visit: Website: http://CushmanWakefieldChaneyBrooks.listinglab.com/44740KaneoheBayDr