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31862443
31862444

87-718 Farrington Highway, Waianae, HI 96792

AC
HI HI RB-24096, CA CA 01985472
CBRE - Honolulu
NP
HI RB-22952
CBRE - Honolulu
AO
HI RS-83544
CBRE - Honolulu
Listed by CBRE - Honolulu
$3,950,000
65 days on market
Updated 65 days ago

87-718 Farrington Highway

Details
Property Type Retail, Land
Sub Type Convenience Store, Gas Station (+1)
Square Footage 2,680
Net Rentable (SqFt) 2,680
Tenancy Multi
Year Built 1987
Acreage 2.580
Zoning B-2
Ground Lease No

About This Property

Marketing description

The Maili Aloha Petroleum is located at 87-718 Farrington Highway in Waianae, Hawaii and represents a rare opportunity to acquire the fee simple interest (land and building) in a NNN leased free-standing investment on Oahu. The property is tenanted by Aloha Petroleum, Ltd., operating a fuel station paired with a 2,680 square foot convenience store occupied by 7-Eleven. The property benefits from exceptional visibility and consistent traffic volume along Farrington Highway (27.6K VPD). The tenant has 11+ years remaining on the current lease term, currently set to expire June 30, 2037. The lease features two rent re-openings in 2027 and 2032, offering near term NOI growth and future upside.

In addition to the net leased investment, the offering also includes nearly 2 acres (86,510 SF) of undeveloped B-2 zoned land directly behind the fueling and retail structures. This vacant land adds significant long term upside through ground leasing, expansion, or value add commercial improvements. Situated in the growing Waianae submarket, the property combines stable in place income with strategic development potential, making it a compelling investment for buyers seeking both security and long term appreciation.

Investment highlights

  • Long Term Ground Lease Remaining
  • Desirable B-2 Business Zoning
  • Functional, Well Sized Improvements
  • Expansive Land Area for Growth
  • High Traffic, High Visibility Location
  • Established Tenant with Proven Track Record
  • Rare Combination of Stability and Upside

Listing Contacts

AC
HI HI RB-24096, CA CA 01985472
CBRE - Honolulu
NP
HI RB-22952
CBRE - Honolulu
AO
HI RS-83544
CBRE - Honolulu
Listed by CBRE - Honolulu

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Zoning

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B-2 CommercialNeighborhood CommercialCommunity Business District
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Last updated Feb 20, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
AJ Cordero
License
HI RB-24096
Brokerage
CBRE
Title
Vice President
Name
Nicholas Paulic
License
RB-22952
Brokerage
CBRE
Title
Real Estate Broker
Brokerage Address
1003 Bishop Street
Name
Austin O'Leary
License
RS-83544
Brokerage
CBRE
Title
HI
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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