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1000 Henry Street Building 75-1000 Henry St 30,503 SF 97% Leased 4-Star Retail Building Kailua Kona, HI 96740 $9,500,000 ($311.44/SF) 10.02% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Marquee location with unmatched visability from Queen Ka'ahumanu Highway (State Hwy. 11) over 50,000 passing per day.
  • High quality building provides Class A office space unmatched in the Kailua-Kona market. Some offices feature sweeping coastline and ocean views.
  • Ground lease has 34 years remainng with 14 years known rent and increases based on 7.5% of appraised land value three remaining lease periods.
  • Planet Fitness with over 7 years remaning with 12% rent increses every four years and 3, 5-yr extensions is one of the tip franchisees in the chain.
  • Recent renewals of leases by tenants shows considerable commitment to the property.

EXECUTIVE SUMMARY

The property has premier frontage on the busiest intersection on the island of Hawai'i. A signalized, hard corner intersection providing access from Queen Ka’ahumanu Highway (State Highway 11), accessing major retailers directly across from a Walmart-anchored shopping center on Henry Street, and diagonally from a new Safeway-anchored shopping center. The mixed-use retail and office building features two floors and underground parking, accessible via an elevator, and provides Class A office space on the 2nd floor. Additionally, it offers irreplaceable space for Planet Fitness, occupying the entire 1st floor. The lease for Planet Fitness has over seven (7) years remaining with a 12% rent increase every four years and three five (5) year option periods. The ground lease has over 34 years remaining with known rents to February 2038. Ground rent from March 2038 to December 2059 will be determined at 7.5% annually for three periods based on the market value of the land appraised without the building at the beginning of each period.
Contact Joel K. LaPinta, CCIM for access to Docusend space with informational materials for due diligence.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $1,543,038 $50.59
Other Income - -
Vacancy Loss - -
Effective Gross Income $1,543,038 $50.59
Taxes $89,585 $2.94
Operating Expenses $501,103 $16.43
Total Expenses $590,688 $19.36
Net Operating Income $952,350 $31.22

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $1,543,038
Annual Per SF $50.59
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $1,543,038
Annual Per SF $50.59
Taxes
Annual $89,585
Annual Per SF $2.94
Operating Expenses
Annual $501,103
Annual Per SF $16.43
Total Expenses
Annual $590,688
Annual Per SF $19.36
Net Operating Income
Annual $952,350
Annual Per SF $31.22

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
30,503 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1997/2000
Price
$9,500,000
Price Per SF
$311.44
Cap Rate
10.02%
NOI
$952,351
Percent Leased
97%
Tenancy
Multiple
Building Height
2 Stories
Loading Docks
1 Exterior
Building FAR
0.47
Lot Size
1.49 AC
Opportunity Zone
Yes
Zoning
CG-20 - General Commercial
Parking
120 Spaces (3.93 Spaces per 1,000 SF Leased)
Frontage
581’ on 75-934 Henry Street

AMENITIES

  • Corner Lot
  • Signalized Intersection

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Finance and Insurance
  • 2,454 SF
  • -
  • Triple Net
  • Jun 2028

Anderson Wealth Planning, Inc. is a family owned financial planning firm with offices in Hawaii, Pennsylvania and Kentucky. The firm is owned and operated by Jerry Anderson and his two sons, John and Jim Anderson. In addition, the Andersons are joined by qualified financial advisors and staff across multiple branch locations. Anderson Wealth Planning is a full service financial planning firm, specializing in retirement planning, investment portfolio analysis and implementation, insurance planning and estate planning.

  • Professional, Scientific, and Technical Services
  • 1,875 SF
  • -
  • -
  • May 2026

Burrill CPA exists to elevate individuals and businesses to bring an increase in wealth, integrity, and collaboration to the Big Island community. This is done by offering full-service accounting and consulting for businesses, investors, and nonprofits with a big picture focus and proven results.

  • Finance and Insurance
  • 1,673 SF
  • -
  • Triple Net
  • Jun 2030

Fidelity National Title Company provides title insurance, escrow, and settlement services for residential and commercial real estate transactions. The company operates as part of Fidelity National Financial, a Fortune 500 firm and the largest title insurance provider in the United States. Fidelity National Title traces its roots back to 1847 and has grown through acquisitions and expansion to serve markets nationwide. Its services include title underwriting, closing and escrow, construction disbursing, and 1031 property exchanges. The company is publicly traded under the ticker symbol FNF on the New York Stock Exchange. Fidelity National Title maintains multiple offices in California, including San Diego, and supports real estate professionals, lenders, and developers with comprehensive title solutions.

  • Professional, Scientific, and Technical Services
  • 1,208 SF
  • -
  • -
  • Oct 2027

Local law firm located in Kailua Kona, HI, founded in 2017.

  • Hawaii Island Sober Living
  • Health Care and Social Assistance
  • 652 SF
  • -
  • Triple Net
  • Oct 2026
  • Public Administration
  • 1,001 SF
  • -
  • Triple Net
  • Sep 2025

OHA is focused on strategic priorities for improving the conditions of Native Hawaiians in the areas of ‘aina, culture, economic self sufficiency, education, governance, and health. OHA’s advocacy involves conducting research whose findings are used to guide decisions and empower communities to inspire positive results in these areas. OHA’s advocacy also calls for developing and shaping public policies that have broad implications for the Hawaiian community. OHA’s advocacy is reflected in its efforts to help ensure that laws are complied with at the local, state and federal levels. In addition, OHA’s advocacy requires working with communities to share information and build public support for Hawaiian issues.

  • Impact Wealth of Hawaii
  • Finance and Insurance
  • 1,126 SF
  • -
  • Triple Net
  • Jun 2026
  • Public Administration
  • 2,532 SF
  • -
  • Triple Net
  • May 2026

The purpose of the Office of the Public Defender is to safeguard individual rights in all criminal and related matters, from arrest or threat of confinement through all stages of the criminal proceedings including appeal and parole board matters, if any, consistent with applicable laws, court rules, and rules of professional responsibility. Pursuant to this objective, the primary function of the Office of the Public Defender is to provide the assistance of effective counsel in all criminal and related proceedings.

  • Arts, Entertainment, and Recreation
  • 15,648 SF
  • -
  • Triple Net
  • Dec 2028

Planet Fitness was founded in 1992, in Dover, NH. In the beginning, it operated much like every other gym in its small hometown and catered to the same small percentage of the population in the U.S. who worked out and belonged to a health club. Today, Planet Fitness has become one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. With locations in all 50 states and around the World, Planet Fitness has continued to spread its unique mission of enhancing people’s lives by providing an affordable, high-quality fitness experience in a welcoming, non-intimidating environment.

  • Professional, Scientific, and Technical Services
  • 2,332 SF
  • -
  • Triple Net
  • Jun 2029

As the largest and most experienced provider of HR solutions in Hawaii, ProService Hawaii exists to empower businesses to succeed. For 25 years, they’ve worked side-by-side with business owners in Hawaii, focusing their time, talent and energy on growing and thriving while taking better care of their employees.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Finance and Insurance 2,454 SF - Triple Net Jun 2028
Professional, Scientific, and Technical Services 1,875 SF - - May 2026
Finance and Insurance 1,673 SF - Triple Net Jun 2030
Professional, Scientific, and Technical Services 1,208 SF - - Oct 2027
Hawaii Island Sober Living Health Care and Social Assistance 652 SF - Triple Net Oct 2026
Public Administration 1,001 SF - Triple Net Sep 2025
Impact Wealth of Hawaii Finance and Insurance 1,126 SF - Triple Net Jun 2026
Public Administration 2,532 SF - Triple Net May 2026
Arts, Entertainment, and Recreation 15,648 SF - Triple Net Dec 2028
Professional, Scientific, and Technical Services 2,332 SF - Triple Net Jun 2029

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 205
  • 1,001 SF
  • Retail
  • -
  • Now

Excellent office space located in highly visible landmark building in Kailua Kona on the corner of Henry Street and Queen Kaahumanu Highway.

Space Size Space Use Position Available
205 1,001 SF Retail - Now

205

Size
1,001 SF
Space Use
Retail
Position
-
Available
Now

205

Size 1,001 SF
Space Use Retail
Position -
Available Now

Excellent office space located in highly visible landmark building in Kailua Kona on the corner of Henry Street and Queen Kaahumanu Highway.

NEARBY MAJOR RETAILERS

Starbucks
Central Pacific Bank
Territorial Savings Bank
Denny's
First Hawaiian Bank
L & L Hawaiian Barbecue
Safeway
Sack N Save
IHOP
Rent-A-Center

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
3-7-5-004-058-0000
Land Assessment
$2,539,000 (2025)
Improvements Assessment
$5,678,100 (2025)
Total Assessment
$8,217,100 (2025)
Annual Taxes
$89,585 ($2.94/SF)
Tax Year
2024
  • Listing ID: 35679570

  • Date on Market: 4/29/2025

  • Last Updated:

  • Address: 75-1000 Henry St, Kailua Kona, HI 96740

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