4-1354 Kuhio Hwy | Kapaʻa, Kauai
|Address:||4-1354 Kuhio Hwy, Kapaa, HI 96746|
|Occupancy:||100% leased with 3 tenants|
|Year Built:||Built in 1924 – Renovated in 1987|
|Number of Stories:||2 stories|
|Land Area:||22,500 SF|
|Ground Floor Retail:||4,801 SF|
|2nd Floor Restaurant:||4,758 SF|
|Total Building Area:||9,559 SF|
|Parking:||16,000 SF lot w/ capacity for 40+ cars|
|TMK:||(4) 4-5-8: 15|
Property & Location Description
The Hee Fat Marketplace is an iconic building in the coastal town of Kapaʻa on the island of Kauai. The property has an excellent location along heavily trafficked Kuhio Hwy and is a landmark property well known by locals and sought out by visitors. The building is well maintained with strong tenancy at market rent rates. This will be an excellent asset for an investor looking for stable, long term cash flow in a supply constrained market.
The current tenants consist of the Hee Fat General Store and the Sunrise Emporium gift shop, each taking approximately half of the ground floor. The Olympic Café, a favorite local restaurant for over 15 years, occupies the entire second floor. The property is well parked with a 16,000 SF paved parking lot with capacity for 40+ cars.
The town of Kapaʻa is conveniently located in the center of Kauai’s eastern coast. Lihue Airport is a quick 15-minute drive to the south while popular destination towns of Hanalei and Princeville are just 30 minutes to the north.