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1950 Kalihi Street

Honolulu, HI 96819
  • $2,000,000
  • STATUS: Active
  • ON SITE: 5 Days
  • MLS #: 202209168
New On Site 5 Days Ago
UPDATED: 25 min ago
$2,000,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1961
County:
Area:

School Ratings & Info

Description

Kalihi neighborhood service station with longtime tenant (Hele/Tesoro Gas) for sale. Location is conveniently right off Likelike Highway and School Street. Tenant is currently under 1 of 4 extension options of 5-years each. Tenant also invested $300,000 into the property with new fuel tanks, pumps, pump canopy and convenience store in 2015-16. Current lease rent is guaranteed for $5892 a month till end of 2022 then increases to $6482 per month 2023-2024. Each lease extension from end of 2024 increases 10% every five years.

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© 2022 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass.

Licensed in the State of Hawaii, USA.
www.barneshawaii.com/homes/128657737
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1950 Kalihi Street Honolulu, HI 96819

  • Price: $2,000,000
  • Status: Active
  • On Site: 5 Days
  • Updated: 25 min ago
  • MLS #: 202209168
0
Beds
0
Baths
0
½ Baths
0.27
Acres
1961
Built
Neighborhood:
Kalihi-Upper
County:
Oahu
Area:
Metro
Property Description
Kalihi neighborhood service station with longtime tenant (Hele/Tesoro Gas) for sale. Location is conveniently right off Likelike Highway and School Street. Tenant is currently under 1 of 4 extension options of 5-years each. Tenant also invested $300,000 into the property with new fuel tanks, pumps, pump canopy and convenience store in 2015-16. Current lease rent is guaranteed for $5892 a month till end of 2022 then increases to $6482 per month 2023-2024. Each lease extension from end of 2024 increases 10% every five years.
Exterior Features

Construction Materials Concrete BlockMetal FrameOther Loading Other Parking On Site Roof Other Stories One

Interior Features

Cooling Central Ac Floors Concrete Sq Ft Other 1376 Sq Ft Total 2520

Property Features

Amenities Ada CompliantPrivate Restroom Assessed Value Improvements 141800.00 Assessed Value Land 1961100.00 Assessed Value Total 2102900.00 Building Name N/A Business Type Convenience StoreOtherSpecial Purpose Commercial Space Yes Disclosures None Documents Lease Documents Easements None Expenses Source AppraisalOwner Flood Zone Zone X Foreclosure YN No Income Source Owner Land Recorded Land Court Land Tenure Fs - Fee Simple Lease Type A/S Listing Financing Triple Net Property Condition Excellent Property Type 96819 Sewer Other Special Sale Conditions None Tax Amount 2000.00 Tax Paid By Seller No Tax Year 2021 Tenant Pays Common Area MaintenanceElectricityExcise TaxFire InsJanitorial/Trash RemovalLease RentLiability InsReal Estate TaxesWater Total Actual Rent 5892.44 Utilities Available Large Water MeterLight Electricity Zoning 30 - Commercial

Listings provided courtesy of Jeffrey H. Cochrane.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2022-05-18T12:58:56.583. Information is deemed reliable but not guaranteed. Copyright: 2022 by HiCentral MLS, Ltd.


© 2022 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass.

Licensed in the State of Hawaii, USA.
 
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Compass
1586 Mokulua Dr.
Kailua HI, 96734