3156 Oihana Street
Fee Simple Investment Opportunity
The Offering
Property Summary
- ASKING PRICE $3,450,000
-
ADDRESS
3156 Oihana St
Lihue, HI 96766 - 2024 BUDGETED NOI $182,135.34
- CAP RATE 5.3%
- TAX MAP KEY (4) 3-6-12-4
- TOTAL BUILDING SIZE 7,023 SF
- LAND AREA 40,172 SF
- 2024 PROPERTY TAX $20,040.21
- OCCUPANCY 100%
- LEASE EXPIRATION Feb 2027
- ZONING I-L
Investment Highlights
Single Tenant NNN Lease – This investment is a highly coveted single tenant, net leased opportunity that simplifies ownership and oversight.
Stable Cash Flow - The property is leased to Sixt, a Global Mobility Provider internationally rated by S&P Global, with known rents.
Fee Simple Investment Opportunity – The current lease is set to expire in February 2027, with renewal options available at fair market value, offering long-term investment potential.
Significant Barriers to Entry - Limited available land, a lack of new development, and elevated construction costs create substantial challenges for new buyers entering the market.
Property Features - This property features a 2,174 SF retail storefront with a designated bathroom, workspace and private offices, a 1,714 SF warehouse with a roll-up door, and 3,135 SF of maintenance bays located at the rear of the property.
Dedicated Parking -Dedicated Parking Ample parking options, with spaces available both fronting the property and throughout the entire site.
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