Description
EXCELLENT 1031 EXCHANGE OPTION! Incredible opportunity for an investor to acquire a fee simple single-tenant retail property with a long-term (11.5 years) absolute triple net (NNN) lease to an excellent tenant, Par Hawaii, LLC ("Par Hawaii). Par Hawaii operates over 90 retail locations in Hawaii under the Hele, 76, and nomnom brands, in addition to an oil refinery which provides fuel to the islands. The lease structure allows for a passive management investment, with the tenant solely responsible for all costs of maintaining and operating the property. This property is the only gas station servicing the entire Kalihi Valley, making it high performing location on a busy thoroughfare. There is a clean environmental report as well.
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School Information
Description
EXCELLENT 1031 EXCHANGE OPTION! Incredible opportunity for an investor to acquire a fee simple single-tenant retail property with a long-term (11.5 years) absolute triple net (NNN) lease to an excellent tenant, Par Hawaii, LLC ("Par Hawaii). Par Hawaii operates over 90 retail locations in Hawaii under the Hele, 76, and nomnom brands, in addition to an oil refinery which provides fuel to the islands. The lease structure allows for a passive management investment, with the tenant solely responsible for all costs of maintaining and operating the property. This property is the only gas station servicing the entire Kalihi Valley, making it high performing location on a busy thoroughfare. There is a clean environmental report as well.
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