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29313553
29313562

440 Aleka Pl, Kapa?a, HI 96746

The Beall Corporation
DM
Hawaii RB-18182, HW
The Beall Corporation
Listed by The Beall Corporation
$3,400,000
136 days on market
Updated 50 days ago

Islander Shops

Details
APN 4-4-3-2-013-0209
Property Type Hospitality, Retail
Sub Type Shopping Center
Square Footage 6,474
Cap Rate 6.21%
NOI $211,241
Occupancy 100%
Price per SqFt $525
Year Built 1970
Buildings 1
Stories 1
Zoning RR-20
Sale Condition For sale by owner

Resort Retail Center | 6.21% CAP | 100% Leased

Marketing description

The Beall Corporation (“TBC”) has been exclusively retained by Ownership to present Islander Shops, a fee simple retail property located in the heart of Kapaa on Kauai’s East Side. The offering consists of a collection of retail and restaurant suites totaling approximately 6,474 square feet, positioned steps from several of the island’s busiest beachfront resorts and immediately adjacent to the Coconut Marketplace shopping center.

This is a rare opportunity to acquire a well-located Kauai retail asset in a market where high-quality, small-format centers trade infrequently. With strong daily foot traffic generated by more than 1,900 surrounding visitor units and steady demand from the island’s most populated residential corridor, Islander Shops offers investors a stabilized, easy-to operate property with meaningful long-term upside.

Investment highlights

  • Prime location in Kauai’s East Side resort district

  • Surrounded by 1,900+ visitor units, generating consistent daily foot traffic

  • Commercial Condo within the Aston Islander on the Beach Resort

  • Good mix of food, service retail, and experiential uses, some with 10+ years of tenancy

  • Prime opportunity for owner-user

  • Ample parking and easy ingress/egress along Kuhio Highway

  • High visibility to both tourists and local residents

Listing Contacts

The Beall Corporation
DM
Hawaii RB-18182, HW
The Beall Corporation
Listed by The Beall Corporation

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$211,241.00
$17,603.42/mo

Valuation Metrics

0
DSCR
6.21%
Cap Rate
6.21%
ROI

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