Update: HFF announced the sale and acquisition financing on November 28, 2017. For a listing of current commercial real estate properties on the market, please click here.
Holliday Fenoglio Fowler, L.P. (HFF) is exclusively marketing for sale Kauai Village, a 109,466-square-foot, grocery-anchored retail center located in Kapaa, the largest city in Kauai. The retail investment sale listing is 81 percent leased by an assorted and complementary mix of national and regional retailers that offers consumers a complete shopping experience. The property is proximate to Kapaa’s residential core and is situated along one of the most heavily trafficked sections of Kauai, exposing the property to nearly 30,000 vehicles on a daily basis.
In addition to the grocery-anchor Safeway, the commercial property for sale is home to a variety of tenants, including Ross Dress for Less, Starbucks, ABC Stores, Panda Express, Subway, The UPS Store, Fun Factory, State Farm Insurance, Coconut’s Fish Café, Pho Kapaa, Mahina Maui and Re/Max. This tenant mix is well suited to service both the local and the tourist demographics. Situated on 8.23 acres at 4-831 Kuhio Highway, Kauai Village is adjacent to several resorts and timeshares that drive an increase in traffic, in addition to the surrounding local population that frequents the property.
Hawaii tourism is booming, establishing new records in 2016 with more than 220,000 visitors per day and more than 8.9 million visitors annually. Visitor expenditures amounted to $15.6 billion, a 4.2 percent increase over 2015. With an adjacent location to several tourist accommodations, the property will continue to experience increased visitors and demand for its retailers.
For more information about Kauai Village or other retail properties for sale, please contact Gleb Lvovich in HFF’s Orange County office. For more of HFF’s real estate investment sale listings, click here to be redirected to HFF's property search page.