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32836708
32836709

3-3152 Kuhio Hwy, Lihue, HI 96766 For Sale

AK
HI RS-68575
Colliers - Honolulu, Hawaii
Colliers - Honolulu, Hawaii
NF
HI RB-18123
Colliers - Honolulu, Hawaii
Listed by Colliers - Honolulu, Hawaii
$3,700,000
57 days on market
Updated 57 days ago

3-3152 Kuhio Hwy

Details
APN 4-3-6-6-88
Property Type Retail
Sub Type Convenience Store, Restaurant (+1)
Square Footage 5,148
Occupancy 100%
Tenancy Multi
Brand/Tenant Seven-Eleven
Lease Expiration 06/29/2029
Rent Bumps Yes
Lease Options One 5-year option (7-Eleven)
Year Built 1989/1990
Buildings 2
Lot Size (SqFt) 30,000
Zoning C-G Commercial General
Parking Spaces 64 spaces
Parking per 1,000 SqFt 12.43
Investment Type Value Add
Tenant Credit Credit Rated
Ownership Fee Simple

3-3152 Kuhio Hwy, Lihue, HI 96766

Marketing description

Situated prominently along Kuhio Highway — Kauai's primary commercial arterial and the principal connector between Lihue and the island's resort corridor — this 30,000 square foot fee simple parcel offers exceptional visibility and accessibility in one of the island's most active retail trade areas. With frontage on one of Kauai's highest-traffic corridors, the property benefits from a steady flow of both resident and visitor traffic year-round, making it one of the most strategically positioned commercial sites available on the island today.

The property is improved with two well-maintained commercial buildings totaling 5,048 square feet. Building 1, comprising 2,488 square feet, operates as a sit-down restaurant, while Building 2, at 2,560 square feet, is home to a Seven-Eleven convenience store — a nationally recognized brand with an uninterrupted presence at this location since 1985. Both buildings are fully occupied and generating income from day one of ownership. Complementing the improvements, the site provides over 11,000 square feet of paved surface parking, offering ample customer access for both tenants and reinforcing the property's strong retail functionality.

Located on the eastern shore of the island of Kauai, Lihue has established itself as the island’s business and commercial epicenter. As Kauai’s main commercial and administrative hub, Lihue is easily reached through its primary airport, which offers regular flights from major mainland cities and inter-island routes. Tourism drives the local economy, supported by strong hospitality, retail, and service sectors. The town is home to major resorts like the Kauai Marriott Resort & Beach Club and the Grand Hyatt Kauai Resort & Spa. Lihue also hosts key government offices, financial institutions, and professional services, reinforcing its role as the island’s center for business and administration.

What distinguishes Lihue from other Hawaiian commercial markets is the durability of its demand base. Unlike resort-concentrated markets that are susceptible to visitor fluctuations, Lihue’s commercial activity is anchored by a stable residential population of approximately 12,000 residents within the immediate trade area, a government and professional services workforce, and the island’s primary concentration of essential retail — grocery, pharmacy, banking, healthcare, and food service. This blend of visitor-driven and resident driven demand creates a commercial environment that is considerably more insulated from economic cycles than comparable markets on other Hawaiian Islands.

Kuhio Highway, the arterial on which the subject property is situated, functions as Lihue’s primary commercial spine. Connecting Lihue Airport to the town center and extending northward toward the Coconut Coast, the corridor serves as the daily travel route for residents, workers, and visitors alike. Retail and food service operators along this corridor benefit from some of the highest sustained traffic volumes on the island, with visibility to a captive audience moving in both directions throughout the day.

Investment highlights

  • Nationally Recognized Anchor Tenant - 7-Eleven (Hawaii), Inc. provides exceptional income predictability backed by one of the world's most recognized retail brands.
  • PCPI-Indexed Rent Escalations - 7-Eleven's lease resets every five years to the U.S. Consumer Price Index, providing a built-in inflation hedge.
  • In-Place Income Funds Carry Costs During Entitlement - This is an excellent opportunity for an owner-user or developer to acquire the property with interim income in place, helping offset carrying costs while they plan, design, and permit a future redevelopment of the site.
  • C-G Zoning Permits a Wide Range of Uses - Commercial General zoning allows for retail, food and beverage, service commercial, drive-through, medical office, and mixed-use development, giving broad flexibility.
  • 100% Occupied - Dual Income Stream - Both buildings are fully leased, providing immediate cash flow from two independent tenants. The complementary mix of a national convenience store and a local restaurant create a diverse, resilient income base.
  • Value-Add Re-Leasing Opportunity -The upcoming lease expiration presents a near-term opportunity for the incoming owner to capture market-rate rent growth on renewal or re-tenanting.

Listing Contacts

AK
HI RS-68575
Colliers - Honolulu, Hawaii
Colliers - Honolulu, Hawaii
NF
HI RB-18123
Colliers - Honolulu, Hawaii
Listed by Colliers - Honolulu, Hawaii

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