Kahana Gateway Shopping Center
The Kahana Gateway Shopping Center is a historically strong performing retail asset in the desirable West Maui submarket, is located on 4405 Honoapiilani Highway on the island of Maui. This location in West Maui, a globally recognized resort community, will draw interest from the high-end visitors and residents that contribute to one of the highest income trade areas in the State of Hawaii. There are more than 4,400 lodging units, with more than 1,300 additional units planned.
Planted in a 1,200-acre enclave amid lavish gardens along the famed Kaanapali Beach and award-winning golf courses, newly renovated resorts include the Hyatt Regency Maui Resort & Spa, The Westin Maui Resort & Spa, Kaanapali Beach Hotel, and Sheraton Maui Resort & Spa. The Kaanapali Beach Resort possesses international recognition as a premier destination resort “where the world comes to play.”
The shopping center sits on 172,109 square feet of land, the center has a total of 58,774 square feet of gross leasable area and enjoys excellent visibility, access and parking. The property offers a fee-simple acquisition opportunity and has been condominiumized. There’s a total of nine (9) CPR units ranging in size and purchase price are available. Various individual single and multi-tenant NNN-leased assets are for sale at a premium price.
All units are perfect for a 1031 exchange and are fee simple. Three condo units are anchored by credit tenants. First Hawaiian Bank, a major tenant with a $3 billion market cap and Liberty Dialysis who is owned by Fresenius, a credit-rating Germany-based global entity that offers a wide range of dialysis and infusion products and services through its four core business segments, which operate as legally independent entities. It’s credit rating is Moody’s BAA3 Long Term Issuer Rating. All units provide a rare opportunity to own a passive investment on Maui.
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