Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 2007
Building Area Net
Occupancy 90.0 %
Call for Offers

Asset Description

JLL is pleased to offer qualified investors the rare and exciting opportunity to acquire the leasehold interest in Lahaina Gateway (the “Property”), in Lahaina (Maui), Hawaii. The 135,986 SF grocery-anchored shopping center. Lahaina is one of the most affluent and popular resort destinations throughout the Hawaiian Islands. Built in 2008, the property benefits from an ideal location on one of the main thoroughfares in Maui, the Honoapiilani Highway (80,000 VPD). The 11.35-acre site provides excellent visibility and accessibility due to its extensive frontage and two points of ingress/egress on Keawe Street. The recent completion of the Lahaina Bypass now provides additional access to Keawe Street from the west. At 77% occupied today with negotiated leases that take the shopping center to 90% leased, the Property provides investors a unique value-enhancement opportunity with a diverse in-place tenancy that includes Foodland Farms, Ace Hardware, Ross, and a mix of food, leisure, beauty, health, and daily needs retailers.

Investment Highlights

  • GROCERY-ANCHORED SHOPPING CENTER WITH DIVERSE TENANT MIX


  • TOP TOURIST DESTINATION


  • EXCEPTIONAL VISITOR DEMOGRAPHICS


  • EXCELLENT LOCATION


  • LOCAL HOUSING DEVELOPMENTS


  • BARRIERS TO ENTRY


  • UNENCUMBERED ASSET
Last Updated Date: 11 Aug 2022

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Last Updated Date: 11 Aug 2022

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