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Islander Shops 440 Aleka Pl 89 Room Hotel Kapaa, HI 96746 $3,400,000 ($38,202/Room) 6.21% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime Location in Kauai's East Side resort district
- Commercial Condo within the Aston Islander on the Beach Resort
- Prime opportunity for owner-user
- Surrounded by 1,900+ visitor units
- Good mix of food, service, retail, and experiential uses
- Ample parking and easy ingress/egress along Kuhio Highway
EXECUTIVE SUMMARY
The Beall Corporation (“TBC”) has been exclusively retained by Ownership to present Islander Shops, a fee simple retail property located in the heart of Kapaa on Kauai’s East Side. The offering consists of a collection of retail and restaurant suites totaling approximately 6,474 square feet, positioned steps from several of the island’s busiest beachfront resorts and immediately adjacent to the Coconut Marketplace shopping center.
This is a rare opportunity to acquire a well-located Kauai retail asset in a market where high-quality, small-format centers trade infrequently. With strong daily foot traffic generated by more than 1,900 surrounding visitor units and steady demand from the island’s most populated residential corridor, Islander Shops offers investors a stabilized, easy-to-operate property with meaningful long-term upside.
This is a rare opportunity to acquire a well-located Kauai retail asset in a market where high-quality, small-format centers trade infrequently. With strong daily foot traffic generated by more than 1,900 surrounding visitor units and steady demand from the island’s most populated residential corridor, Islander Shops offers investors a stabilized, easy-to-operate property with meaningful long-term upside.
PROPERTY FACTS
| Price | $3,400,000 | Lot Size | 6.00 AC |
| Price Per Room | $38,202 | Building Size | 136,566 SF |
| Sale Type | Investment | No. Rooms | 89 |
| Cap Rate | 6.21% | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1970/2013 |
| Property Subtype | Hotel | Corridor | Interior |
| Building Class | B | ||
| Zoning | RR-20 - Resort | ||
| Price | $3,400,000 |
| Price Per Room | $38,202 |
| Sale Type | Investment |
| Cap Rate | 6.21% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 6.00 AC |
| Building Size | 136,566 SF |
| No. Rooms | 89 |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2013 |
| Corridor | Interior |
| Zoning | RR-20 - Resort |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | $524.00 | - |
| Guest Room | 87 | $364.00 | - |
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PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $9,625,500 | |
| Land Assessment | $813,500 | Total Assessment | $10,439,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$813,500
Improvements Assessment
$9,625,500
Total Assessment
$10,439,000
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Islander Shops | 440 Aleka Pl
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