Hotel For Lease • 5,570 SF
| Name | Space Use | Size | Rent | Details |
|---|---|---|---|---|
| 1st Floor Ste | Retail | 5,570 SF | $120.00 USD/SF/YR | |
Plus 1,314 sf lanai Tenant Allowance: $150/SF Percentage Rent: 8%
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Rarely available own restaurant opportunity for lease in the highly sought-after premier tourist destination of Waikiki, on the island of Oahu, Hawaii. The street level, ± 5,570 square foot condominium with ± 1,314 square foot lanai is located at the corner of Kalia Road and Beach Walk at the Ka La’i Waikiki Beach Hotel. Oahu and Waikiki boast world-class dining. Waikiki has historically had three restaurants doing well over $20M in sales, Wolfgang Steakhouse, The Cheesecake Factory, and Duke’s. In addition, of the 18 restaurants on Oahu which do over $10M in sales, 14 of these restaurants are in Waikiki. The newly rebranded Ka La’i Waikiki Beach is a 38-story, 462-room hotel and condos near Fort DeRussy Park marks the Hilton luxury brand’s first Oahu property. (The hotel itself is owned by Irongate and managed by LXR Hotels & Resorts.) The property has begun extensive renovations to reflect the new high-end aesthetics and will be the first time the property will be renovated since it originally opened in 2009. 223 Saratoga Road is a prime corner location, formerly occupied by BLT Steak, a short distance from 35,000 hotel rooms, Kalakaua Avenue and the Waikiki beach front.
| PRIME WAIKIKI LOCATION |
| STRONG RESTAURANT PERFORMANCE |
| WELL-LOCATED ASSET IN PREMIER TOURIST DESTINATION |
| RARE RESTAURANT OPPORTUNITY |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Daniel K Inouye International | 18 min | - | 9.4 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Covered |
| Included in Rent: | Yes |