75-1000 Henry St
Kailua Kona, HI 96740

CBRE, Inc., as exclusive advisor, is pleased to offer the rare opportunity to acquire the leasehold interest in a truly net leased retail/office property located in Kailua-Kona called 1000 Henry Street (the “Property”). The offering is an institutional quality triple net leased office/retail asset with an advantageous ground lease expiring in 2059 and known rent period through March 2038. A super prime location within Kailua-Kona on one of the busiest intersections in all West Hawaii, the signalized corner of Queen Kaahumanu Highway and Henry Street. THE PROPERTY IS BEING OFFERED TO THE MARKET ON AN UNPRICED BASIS. Irreplaceable Retail and Office Property - A high-yielding triple net leased investment with 19 years of known rent remaining - Nationally Recognized Anchor Tenant—The largest ???????and top performing Planet Fitness Franchisee recently executed a new 15-year NNN lease - Pride of Ownership Investment—1000 Henry Street is a 30,505 square foot trophy retail/office investment with the best retail frontage in the entire Kona market at the corner of Henry Street and Queen Kaahumanu Highway - High Profile Asset—High-quality construction and design, exceptionally well maintained. An institutional quality retail/office investment with no capital improvements anticipated on the near-term horizon - Stable Cash Flow—A 100% occupied multi-tenant retail and office property with NNN lease - All in-place leases provide for ground rent to be passed through NNN Lease Investment with Long-Term Ground Lease - An institutional quality ground lease - Highly financeable lease with over 40 years of term remaining and known rents through 2038 - A high NOI to ground lease coverage ratio - 5.13 coverage ratio - True NNN leased investment - ground lease rent is passed through to the Tenants preserving market rent growth Strong Real Estate Fundamentals - Internet-proof Tenant—At a time when big box tenants are downsizing or closing stores, Planet Fitness is opening clubs and enjoys strong same store sales growth year after year - High barriers to entry market with limited available retail property for development in the Kailua-Kona urban core - Diverse tenant mix with attorneys, professional services and financial services firms and a mix of national and regional credit - Low turnover with weighted-average lease term of 7.94 years - In-place rents are approximately 6.84% below market rent - Exceptional traffic counts with approximately 10,600 cars per hour along Queen Kaahumanu and approximately 7,800 cars per hour along Henry Street