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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



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
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
AMENITIES
- Corner Lot
- Signalized Intersection
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
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.
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.
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.
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
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
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.
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.
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
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
PROPERTY TAXES
| Parcel Number | 3-7-5-004-058-0000 | Total Assessment | $8,217,100 (2025) |
| Land Assessment | $2,539,000 (2025) | Annual Taxes | $89,585 ($2.94/SF) |
| Improvements Assessment | $5,678,100 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Presented by
Joel K. LaPinta, CCIM
1000 Henry Street Building | 75-1000 Henry St
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