3036 Waialae Avenue
Seldom-Available Kaimuki Investment Opportunity
3036 & 3040 Waialae Avenue offers a rare opportunity to acquire a well-located neighborhood retail center in the heart of the Kaimuki commercial district in Honolulu, Hawaii.
The property consists of 0.21 acres of fee simple land improved with approximately 4,949 square feet of retail space across six commercial units. The center is positioned along Waialae Avenue and benefits from strong street visibility and steady neighborhood foot traffic. The property is located directly across from City Mill Kaimuki and is surrounded by popular restaurants, boutique retailers, and neighborhood service businesses.
The center includes a mix of restaurant and service tenants and offers approximately 20 free on-site parking stalls, a rare amenity within the Kaimukī retail corridor. Five of the six units are currently leased, providing in-place income with potential upside through future lease rollover and tenant repositioning.
The offering includes two adjoining fee simple parcels identified as TMK 1-2-8-028-026 and TMK 1-2-8-028-037.
Basic Facts
| Status: Open | Type: Restaurant Retail | Purchase Type: Fee Simple | Area: 4949 sq ft |
| Lot size: 18471 sq ft | Year built: 1955 | Zoning: B-2 |
View on map / Neighborhood
- Senior Vice President, Retail Market Expert
Andrew Starn, Senior Vice President and Retail Market Expert with Cushman & Wakefield ChaneyBrooks, specializes in Waikiki and resort markets throughout the state of Hawaii. For the past 18 years, he has brought unsurpassed knowledge of Waikiki and Hawaii’s resort retail environment to support his clients’ goals. Mr. Starn focuses on sales and retail leasing in Waikiki and Hawaii’s unique resort retail landscape. His wealth of market knowledge allows both Landlords and Tenants to succeed and complete transactions in the very difficult to penetrate Urban Honolulu and Waikiki markets. He also coordinates tenant representation services including new site acquisitions and full market tenant roll-outs for clients such as Saint Laurent, Prada, Spectrum, and Volcom. This scope of services includes the negotiation of new leases, lease terminations, renewals and extensions for existing tenants, retail consulting services, market analysis and property sales. Having completed over 253 resort sale and lease transactions in his career, with a total deal consideration of $339.5 million, Mr. Starn continues to provide his clients with unparalleled insight into the Hawaii market. | MAJOR SALES TRANSACTIONS • Sale Chrome Hearts - $30M • Sale Meadow Gold Site $24M | Current & Previous Landlord Leasing Assignments • Hilton Hawaiian Village • The Shops at Wailea • Laylow Hotel • Lilia | Select Kalakaua Tenant Representation Assignments • Saint Laurent – Royal Hawaiian Center • Tiffany – Royal Hawaiian Center • Tory Burch – Royal Hawaiian Center • MiuMiu – Luxury Row | CLIENTS SERVED • Richemont • Kering Group • Saint Laurent • Prada • MiuMiu • Valentino • Tiffany • Tory Burch • Volcom • BlackSand Capital • Blackstone Group • Brookfield • Burberry, Ltd. • Goldman Sachs • Hilton Worldwide • Kobayashi Group • L&B Realty • Microsoft • Outrigger Enterprises, Inc. • Queen Emma Land Co. • Shidler/Petty • Spectrum | Professional Affiliations • International Council of Shopping Centers (ICSC) • Rotarian (Rotary Club of Honolulu) • Licensed Real Estate Broker, State of Hawaii | Community Leadership • President of HIWP (Water Polo non-profit) | EDUCATION • Bachelor of Science, Finance and Entrepreneurship, University of Colorado, Colorado
- Licensed Real Estate Broker, State of Hawaii: RB-19525
- (808) 544-1888
- astarn@chaneybrooks.com
