For more information, please contact Mark Bratton at
808-523-9708 or email mark@colliershawaii.com
Investment Summary
| Offering Price: | $23,212,000 |
| Year 1 Cap Rate: | 7.53% |
| Year 3 Cap Rate: | 9.40% |
| Occupancy: | 80% |
| Total Leasable Area: | 73,524 SF |
| Land Area: | 7.066 Acres (307,795 SF) (1) |
(1) A 27,704 SF portion of the parking lot is subject to a license agreement which runs through 2079 (see marketing package).
Investment Highlights
- 73,524 SF grocery-anchored shopping center leased to established tenants such as: Waikoloa Village Market (owned & operated by KTA), First Hawaiian Bank, Chevron, and many more!
- Anchor Waikoloa Village Market has been at the property for over twenty years, renewed and expanded its size in 2005
- Waikoloa Highlands Center is the only grocery-anchored property in the Waikoloa Village area
- Waikoloa Village Center is being marketed on current in-place income at 80% occupancy including seller master lease (see Rent Roll for detail)
- Approximately 35,704 SF of the occupied GLA (60%) is leased at rates below current market rates – Net Operating Income (NOI) is projected to grow more than $1,084,000 (62%) over the hold period
- Waikoloa Road is the main east-west road crossing the island from Waikoloa to Hilo – the strong grocery anchor with various retail and service uses make Waikoloa Highlands Center a point of destination in the community
For more information, please contact Mark Bratton at