About This Restaurant
Investment Highlights
See attached listing details.
Executive Summary
Highly visible prime location on S. King St. with 112 ft. frontage. Unusually large lot of 19,381 SF with 44 open parking stalls. Also 1/15 undivided interest in separate adjacent driveway lot (3,602 SF) for additional parking and egress. Improved with well-maintained concrete block 2-story building with dining on first level and additional dining area + private meeting/dining room on 2nd floor for private occasions. Well recognized Japanese restaurant that has been there for approximately 20 years. Lease will renegotiate 6/2026 and lease rent will increase substantially. Lease will expire 6/2031.
Property Details
- Sale Type Investment or Owner User
- Sale Condition Ground Lease (Leased Fee)
- Property Type Retail
- Property Subtype Restaurant Restaurant General Retail Fast Food Restaurant
- Building Size 6,746
- Building Class C
- Year Built 1978
- Price 7,100,000
- Price Per SF 1,052
- Cap Rate 2.35
- NOI 167,175
- Tenancy Single
- Building Height 2 Stories
- Building FAR 0.35
- Land Acres 0.44 AC
Amenities
- Bus Line
- Dedicated Turn Lane
- Pylon Sign
- Restaurant
- Signage
- Air Conditioning
- Balcony
Nearby Amenities & Transportation
| Retail | Central Pacific Bank | ||
| Retail | Jack In The Box | ||
| Retail | American Savings Bank | ||
| Retail | Zippy's | ||
| Retail | Times Super Market | ||
| Retail | Loving Hut | ||
| Retail | Territorial Savings Bank | ||
| Retail | Panda Express | ||
| Retail | Hawaiian Barbecue | ||
| Retail | CrossFit |
Property Taxes
| Parcel Number | 1-2-8-002-020-0000 | Improvements Assessment | $5,195,900 (2024) |
| Land Assessment | $672,500 (2024) | Total Assessment | $5,868,400 (2024) |
| Date Created: | 2024-07-16 04:13:36 | Last Updated: | 2024-07-16 04:13:36 |
| Address: | 1824 S King St , Honolulu, Hawaii, 96826 | ||