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1818 South King St. Blvd

6,746 SF Retail Building Honolulu, HI 96826 $7,100,000 ($1,052/SF) 2.35% Cap Rate

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.

Attachments

Gyotaku Listing

Data Room Click Here to Access

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Ground Lease (Leased Fee)
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,746 SF
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
Lot Size
0.44 AC
Zoning
BMX-3 - Business Mixed Use
Parking
44 Spaces (6.52 Spaces per 1,000 SF Leased)
Frontage
112 FT on S. King St

Amenities

  • Bus Line
  • Dedicated Turn Lane
  • Pylon Sign
  • Restaurant
  • Signage
  • Air Conditioning
  • Balcony

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Accommodation and Food Services
  • 99,999 SF
  • $9.99
  • Lorem Ipsum
  • Jan 0000

Although they were born a world apart, Tom Jones and Nobutaka "Tony" Sato were drawn to the restaurant business at an early age. Tom grew up on the Jersey Shore, during the days of "peace, love, and follow your bliss, man." A self-proclaimed "kitchen rat," he loved to concoct new tasty things and try them out on his friends. He listened to his muse, and parlayed his love for creative cooking into a lucrative career by enrolling in the Culinary Institute of America. After graduating at age nineteen, and working his way up the culinary ladder on the East Coast, he ultimately made a life-changing move to Tokyo, where he would overcome cultural and language barriers to become one of the first non-Japanese sushi cutters in the region. Tony quite literally grew up in the Japanese food industry. As a child, he toddled around the family-owned restaurant and absorbed the daily activities as he watched his great grandmother, mother, and aunts and uncles go about their business.

Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Accommodation and Food Services 99,999 SF $9.99 Lorem Ipsum Jan 0000
Walk Score®
Walker's Paradise (98)
Bike Score®
Biker's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Central Pacific Bank
Times Super Market
Loving Hut
American Savings Bank
Zippy's
Territorial Savings Bank
CrossFit
Hawaiian Barbecue
Starbucks
24 Hour Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-2-8-002-020-0000
Land Assessment
$5,195,900 (2024)
Improvements Assessment
$672,500 (2024)
Total Assessment
$5,868,400 (2024)
  • Listing ID: 32020678

  • Date on Market: 6/4/2024

  • Last Updated:

  • Address: 1818 South King St. Blvd, Honolulu, HI 96826

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