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549 Halemaumau St - Niu Valley Center 2,920 SF Retail Condo Unit Offered at $1,800,000 in Honolulu, HI 96821
Investment Highlights
- Located in one of Honolulu’s most affluent trade areas with average household incomes over $229,000 within a 1-mile radius
- Positioned along Kalanianaole Highway with exposure to 56,800 vehicles per day
- Surrounded by high-performing retail centers including Hawaii Kai Towne Center, Koko Marina Center, and Aina Haina Shopping Center
- Fully leased to established restaurant operators with long-term leases and renewal options in place
- Fee simple ownership in a supply-constrained submarket with limited retail inventory
Executive Summary
Colliers is pleased to present the opportunity to acquire a fee simple retail investment in East O?ahu — one of Honolulu’s most affluent and supply-constrained trade areas. Beastside Kitchen is a beloved neighborhood staple with a loyal following, anchored within Niu Valley Center — a well-established retail center on Kalanianaole Highway between Hawaii Kai and Aina Haina. The center benefits from approximately 56,000 vehicles per day, delivering consistent natural exposure to some of Oahu’s most affluent residential communities. Take advantage of this rare opportunity to secure a foothold in one of East Honolulu’s most desirable investment corridors.
Property Facts
| Total Building Size | 64,703 SF | Typical Floor Size | 64,703 SF |
| Property Type | Retail (Condo) | Year Built | 1965 |
| Property Subtype | Restaurant | Lot Size | 4.72 AC |
| Building Class | B | Parking Ratio | 3.4/1,000 SF |
| Floors | 1 | ||
| Zoning | B-1 - Neighborhood Business District | ||
| Total Building Size | 64,703 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Restaurant |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 64,703 SF |
| Year Built | 1965 |
| Lot Size | 4.72 AC |
| Parking Ratio | 3.4/1,000 SF |
| Zoning | B-1 - Neighborhood Business District |
Amenities
- 24 Hour Access
- Bus Line
- Dedicated Turn Lane
- Restaurant
- Signage
- Air Conditioning
- Smoke Detector
1 Unit Available
Unit B6
| Unit Size | 2,920 SF | Sale Type | Investment |
| Price | $1,800,000 | Cap Rate | 6.61% |
| Price Per SF | $616.44 | NOI | $119,029 |
| Condo Use | Retail | APN/Parcel ID | (1) 3-7-10:53, CPR No. 4 |
| Unit Size | 2,920 SF |
| Price | $1,800,000 |
| Price Per SF | $616.44 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.61% |
| NOI | $119,029 |
| APN/Parcel ID | (1) 3-7-10:53, CPR No. 4 |
Sale Notes
Unit B6 presents a compelling opportunity to acquire a fee simple retail condo leased to Beastside Kitchen, a Hawaiian Pacific fusion restaurant known for its vibrant atmosphere and live entertainment. The tenant operates under a lease with nearly three years remaining and a renewal option for four years and eleven months. Located in the Niu Valley Center, the unit benefits from strong co-tenancy and exceptional exposure along Kalanianaole Highway. The East Oahu trade area is one of the most desirable in Hawaii, with affluent households and limited retail availability. This asset offers investors a well-located, income-generating property with a dynamic tenant and strong market fundamentals.
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549 Halemaumau St - Niu Valley Center
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