87-718 Farrington Hwy - Convenience Store FOR SALE


Waianae, HI 96792
$3,950,000 USD
808-492-6644
87-718 Farrington Hwy, Waianae, HI for Sale
$3,950,000 USD
Convenience Store - FOR SALE
1/7
null | Request Cap Rate

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87-718 Farrington Hwy
Waianae, HI 96792


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$943 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Maili Aloha Petroleum & Vacant Land

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1987

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

2.58 AC

LAND SF

112,385 SF

ZONING

B-2

APN/PARCEL ID

1-8-7-023-076,1-8-7-023-077

ASK ABOUT THIS PROPERTY

AJ CorderoCBREMore Info
808-492-6644

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AJ CorderoCBREMore Info
808-492-6644

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.