Fairway Shops At Kaanapali 2580 Kekaa Dr 34,668 SF 2% Leased 4-Star Retail Building Lahaina, HI 96761 $11,500,000 ($331.72/SF) 4% Cap Rate

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INVESTMENT HIGHLIGHTS

Absolute Triple Net (NNN) Lease
High Barriers to Entry

Strong Locally Based Tenant Mix
Irreplaceable Centralized Location

EXECUTIVE SUMMARY

CBRE Capital Markets, as exclusive advisor, has been retained to sell the Leased Fee interest in the property known as the Fairway Shops, located at 2580 Kekaa Drive, Kaanapali, Maui. The property consists of approximately 3.15 acres of BR zoned land leased through May 31, 2077 (approximately 52 years) with known rent increases throughout the term of the lease. The 34,668 square feet of improvements lies on 3.15 acres and is leased to Fairway Shops Maui, LLC who is responsible for all property expenses.
This property provides high visibility on primary thoroughfare of Hanoapiilani Highway as the gateway into and out of West Maui. The property resides within a strong residential demographic trade area and home to over 13,000 residents and a $108,000 average household income within a 3-mile radius of the subject property.

Fairway Shops Brochure

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront

Building Size

34,668 SF

Building Class

LoopNet Rating

4 Star

Year Built

2001

Price

$11,500,000

Price Per SF

$331.72

Cap Rate

NOI

$460,000

Percent Leased

Tenancy

Multiple

Building Height

1 Story

Building FAR

0.25

Lot Size

3.15 AC

Zoning

Parking

218 Spaces (6.29 Spaces per 1,000 SF Leased)

Frontage

942’ on Kekaa Dr

Artistic Nails & Spa LLC
Services
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Lorem Ipsum
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Artistic Nails & Spa opened for business in the summer of 2012, but brothers Anthony and Billy Nguyen have been fixtures of the community here on Maui for years. They're well-known in nail and spa circles, and they each have a loyal customer following.

Services
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Lorem Ipsum
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We specialize in Hair Cutting, Coloring & Styling! Our vision: "Helping clients look and feel their best by listening to their desires, providing a relaxing and inviting environment and achieving the clients desired results from a professional and educated staff".

Arts, Entertainment, and Recreation
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Lorem Ipsum
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Their mission is to provide a safe and exciting means for seeing and experiencing the natural wonder of the Hawaiian Islands. They're committed to the conservation and perpetuation of the islands’ unique land and culture so they retain their body and spirit for future generations.

Retailer
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Jan 0000

The Snorkel Store’s mission is to empower Maui enthusiasts to explore the island’s precious beaches and invaluable turtle habitat responsibly. The Snorkel Store provides valuable information on beach and ocean conditions and etiquette so you can feel good about snorkeling with turtles from the shore in Maui.

Administrative and Support Services
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Local general store based in Lahaina, Hawaii and was originally founded in 1985.

TENANT	INDUSTRY	SF OCCUPIED	RENT/SF	LEASE TYPE	LEASE END
Artistic Nails & Spa LLC	Services	-	-	Lorem Ipsum	Jan 0000
	Services	-	-	Lorem Ipsum	Jan 0000
	Arts, Entertainment, and Recreation	-	-	Lorem Ipsum	Jan 0000
	Retailer	-	-	-	Jan 0000
	Administrative and Support Services	-	-	Lorem Ipsum	Jan 0000