Maui Ocean Front Shopping Center

By July 29, 2016 Available No Comments

505 Front Street, Lahaina, HI 96761

BEST OFFER

  • The Shops at 505 offers a rare opportunity to invest in a fee simple irreplaceable oceanfront trophy asset located in historic Lahaina town
  • Excellent income growth due to below market rents
  • Prime location on Front Street, the main thoroughfare for Lahaina and one of the most popular tourist shopping and dining destinations in Maui
  • Extremely high barriers to entry for any new product due to the high cost of land and construction as well as political, environmental, and local constraints on commercial development
  • Excellent visibility and convenient access with 221 feet of frontage along Front Street as well as ocean frontage and beach access
  • Affluent demographics with an average household income of over $96,621 in a three-mile radius
  • Population growth projected at nearly 7.6% over the next five years within a 5-mile radius
  • Robust tourism market with visitor arrivals of 1,284,135 YTD through March 2016
  • Very consistent and durable consumer base
  • Subterranean covered parking garage offers convenient parking for customers and tenants

Overview

Property Highlights

  • Price BEST OFFER
  • NOI $1,865,754
  • Leasable Area 65,433 SF
  • Year Built 1974
  • Occupancy 90.5%

Property Summary

The Shops at 505 offers a rare opportunity to invest in a fee simple irreplaceable oceanfront trophy asset located in historic Lahaina town with excellent income growth due to below market rents.

Contact

Keoni Fursse, CCIM, R(PB)
HI License RB-16700
808.270.9111 / Keoni@Kokuarealty.com

El Warner
SVP & National Director
310.579.9690 / El.Warner@Matthews.com

Download the Shops At 505 Front Street Marketing Teaser

Download the Shops At 505 Front Street Confidentiality Agreement

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