4-776 Kuhio Hwy
Kapaa, HI 96746

If you are looking for a high traffic location, this Block-Buster Corner Location is perhaps one of the best offerings ever. Don’t miss your opportunity to own one of the most visible and valuable Corner Locations on Kauai. This property was under contract to be sold in April, 2022, but was not closed due an unsuccessful 1031 exchange. A month to month lease was signed for a Food truck space in April, 2022 at $1000 per month (Plus utilities). A month to month lease was intentional to assess what the location might be able to generate. The owner believes that the "right" operator would be able to pay up to $1500 per month. A Lease was signed for the Building in April of 2022. This is a five-year lease with no option to renew. The owner intentionally drafted the lease in this fashion with the intention of selling the Building at lease-end to the Lessee. The rent is $4000 per month plus $1000 per month CAM, which includes: Real Property Tax, Landscaping, Insurance, Maintenance reserve (And some possible others/Approximate costs are $1000 per month). There is one rent increase in year three of $250 per month. Tenant is responsible for all utilities and Refuse collection. This is a new building so low maintenance is anticipated. Waipouli Corner Store is situated on 9440 SF on land with 13 parking stalls. and Interior space of approximately 817 SF with a Front Patio ideal for outdoor dining of approximately 620 SF. This New Construction project received its Certificate of Occupancy on February 02, 2021. Some water use restrictions do apply, Buyer is advised to contact the County of Kauai for details. Listor/Owner is a Licensed Real Estate Broker in Hawaii.