THE OFFERING: Cushman & Wakefield ChaneyBrooks is pleased to present an excellent investment opportunity located in the booming Kaimuki neighborhood, less than 2 miles from Waikiki. 3109 Waialae Avenue consists of a one-story, 2,294 square foot free standing building, currently leased to a fast-food restaurant, Fresh Catch, LLC, as well as a non-permanent 576 square foot wooden storage shed plus 432 square foot lanai occupied by a recycling redemption center, Reduce Reuse Recyclers Services Hawaii, LLC (collectively, the “Property”).

INVESTMENT HIGHLIGHTS

RARE PURCHASE OPPORTUNITY – This offering presents a rare opportunity for a user to own their own fee simple property. Properties in this supply-constrained submarket seldomly become available for sale.

REVITALIZATION OF NEIGHBORHOOD – Kaimuki has recently seen a surge of buyers investing millions of dollars to buildout their new stores. Such owners include AutoZone, Finance Factors and well-known local Chef Ed Kenney.

HIGH VISIBILITY – The Property is well-located with 110 feet of prime street frontage along the highly traveled Waialae Avenue. Over 29,200 vehicles pass by the Property daily.

SIGNIFICANT BARRIERS TO ENTRY – There are significant barriers to entry in the immediate area with no planned new development, no available commercially-zoned land, and very limited supply in the submarket.

ABUNDANT PARKING – There are currently 21 stalls plus 1 loading stall on the Property with the potential for a total of 31 stalls (1:74 SF) with the removal of the storage shed and lanai in the rear of the lot currently used as a redemption center for recycling of glass, plastic, and aluminum.

PRIME LOCATION – The site is centrally located in urban Honolulu within close proximity to Waikiki, Diamond Head, the University of Hawaii, and the upscale neighborhood of Kahala. Waialae Avenue is home to niche shops, specialty boutiques and unique eateries.

STRONG DEMOGRAPHICS – Within a 3-mile radius, the average household income is nearly $93,000 and the median home value is over $700,000. The Property borders some of the most affluent neighborhoods on the island including Kahala, Diamond Head, Black Point, and Aina Haina.

CONVENIENT ACCESS – The asset is easily accessible from Waialae Avenue, the major thoroughfare in Kaimuki. It also has easy access to the H-1 Freeway and excellent public transportation.

Sign and email the CA for the OM.

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