

Listed by Colliers - Honolulu, Hawaii
$11,250,000
567 Kapahulu Avenue
Details
Property Type Retail
Sub Type Restaurant
Square Footage 8,446
Units 9
Cap Rate 5.25%
NOI $477,206
Occupancy 100%
Tenancy Multi
Lease Type NNN
Pro-Forma NOI $569,285
Year Built 1942
Year Renovated 2019
Zoning B-2
Investment Type Value Add
Ground Lease No
100 % occupied retail complex located just outside Waikiki. Long term tenants with annual increases.
Marketing description
567 Kapahulu Ave at 567 Kapahulu Avenue & 3295 Campbell Avenue, Honolulu, HI 96815 presents a rare fee simple investment opportunity in the heart of Honolulu’s dynamic Kapahulu Corridor. Positioned on a highly visible corner just minutes from Waikiki and less than one mile from H-1 access, the property benefits from approximately 30,000 vehicles per day and strong pedestrian traffic from both visitors and local residents.
Situated on 8,847 SF of land with an 8,446 SF building, this fully occupied mixed-use asset features a diverse, synergistic tenant mix led primarily by specialty restaurants, creating a built-in destination for dining and neighborhood services. A comprehensive 2019 redevelopment upgraded the property with new storefronts, roof, electrical, sewer, gas, AC systems, elevator access, and modernized infrastructure throughout.
The offering includes 8 on-site parking stalls plus convenient access to a 55-stall public parking lot directly across the street. Zoned B-2 Community Business District with a 40-foot height limit, the property also offers compelling value-add potential through a proposed Campbell wing second-floor addition and Kapahulu-facing sidewalk seating. A stabilized, well-maintained asset in one of Honolulu’s most active urban corridors.
Investment highlights
Affluent, High-Income Trade Area
Dense, Infill Residential Demand Driver
Newly Renovated and New Construction in 2019
Ideal Investment Opportunity with Solid Occupancy in Place
Well-Maintained Property
100% Occupied with Majority of Tenants on Long-Term Leases
Heavy Duty Passenger and Freight Elevator also ADA Accessible with Access to the 2nd Floor
Additional Area Available for Potential Expansion of 1,800 Sq. Ft.
Listing Contacts


Listed by Colliers - Honolulu, Hawaii
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$477,206.00
$39,767.17/mo
Valuation Metrics
0
DSCR
4.24%
Cap Rate
4.24%
ROI
Map
Zoning
B-2 CommercialNeighborhood CommercialCommunity Business District
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View all 136 uses
View all 136 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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