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Retail Property For Sale

IHOP Restaurant

1850 Ala Moana Boulevard, Honolulu, HI 96815

Price:
$4,080,000
Building Size:
8,009 SF
Price/SF:
$509.43
Property Type:
Retail
Property Sub-type:
Restaurant
Property Use Type:
Net Lease Investment with 5 years left on lease
Tenancy:
Single
Tax ID / APN #:
1-2-6-12-3: 1 & 2
Find Out More...

Last Verified 11/2/2009 Listing ID 16141977

Highlights

Two commercial condominiums, a rare find in Waikiki with Ala Moana street frontage
Located across the street from the 3,700+ room Hilton Hawaiian Village Resort & Spa
10-year NNN IHOP Restaurant franchisee lease commencing at $17,000/month plus three 5-year options

Over $2,000,000 of new IHOP leasehold improvements made to property
Includes 22-parking stalls
Do not approach restaurant employees

Description

This is a rare find in Waikiki, two ground floor commercial condominiums on Ala Moana Boulevard. The first unit is on a 10-year NNN lease with an IHOP Restaurant franchisee, commencing at $17,000.00 per month, with three 5-year options. The newly opened IHOP Restaurant invested over $2,000,000 in leasehold improvements to the property. The second unit is approximately 950 square feet and is presently being marketed to potential tenants. Additionally, 22-parking stalls are included.

Located in Waikiki, on Ala Moana Boulevard across the street from the Hilton Hawaiian Village.

Attachments

Map of 1850 Ala Moana Boulevard, Honolulu, HI 96815 (Honolulu County)

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Byron "Biff" Graper (S) (808) 523-9737

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Created 3/11/2009

Additional Information for 1850 Ala Moana Boulevard, Honolulu, HI 96815

Active For Sale - 1 Listing
Active For Lease - 1 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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