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Restaurant Condos For Sale • 2,484+ SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit B4 | Retail | 2,484 SF | $1,850,000 USD | |
Sale NotesPositioned in one of East Honolulu’s most affluent corridors, Unit B4 offers investors a stabilized, fee simple retail asset leased to Hangang Korean Grill House, a premium full-service Korean barbecue restaurant. The tenant has a long-term lease in place with a five-year renewal option, ensuring consistent income and minimal turnover risk. Located within the Niu Valley Center, the unit benefits from high visibility along Kalanianaole Highway, which sees over 56,800 vehicles daily. The surrounding trade area is supply-constrained and boasts exceptional demographics, with average household incomes exceeding $229,000 within a one-mile radius. This unit is ideal for investors seeking a high-performing retail asset in a tightly held submarket with strong tenant retention and long-term upside. |
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| 1st Floor - Unit B6 | Retail | 2,920 SF | $1,800,000 USD | |
Sale NotesUnit 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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Colliers presents a rare opportunity to acquire two fee simple retail condominium units in the heart of East Oahu’s coveted Niu Valley Center. Strategically positioned along Kalanianaole Highway, a major arterial with over 56,800 vehicles per day, this asset offers exceptional visibility and access between the affluent neighborhoods of Hawaii Kai and Aina Haina. Unit B4 and Unit B6 are fully leased to long-standing, high-performing restaurant tenants: Hangang Korean Grill House and Beastside Kitchen. Both tenants operate under long-term leases with renewal options, ensuring stable cash flow and minimal near-term rollover risk. The tenants’ uses—premium Korean barbecue and Hawaiian Pacific fusion with live entertainment—cater to the area’s upscale residential demographic and contribute to the center’s strong foot traffic. The surrounding trade area boasts some of the highest household incomes in the state, with a 1-mile average household income exceeding $229,000. The property is surrounded by a dense mix of national retailers, neighborhood shopping centers, and lifestyle amenities, reinforcing its position as a core retail destination in East Honolulu. This is an ideal acquisition for investors seeking a stabilized, income-generating asset in a supply-constrained, high-barrier-to-entry market.
| Located in one of Honolulu’s most affluent trade areas with average household incomes over $229,000 within a 1-mile radius |
| Fully leased to established restaurant operators with long-term leases and renewal options in place |
| Positioned along Kalanianaole Highway with exposure to 56,800 vehicles per day |
| Fee simple ownership in a supply-constrained submarket with limited retail inventory |
| Surrounded by high-performing retail centers including Hawaii Kai Towne Center, Koko Marina Center, and Aina Haina Shopping Center |
| Airport | Drive | Walk | Distance |
|---|---|---|---|
| Daniel K Inouye International | 27 min | - | 14.6 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Spaces Provided: | 220 |
| Type: | Surface |
| Included in Rent: | Yes |
Kelli Wilinski
Colliers
Kelli Wilinski
Colliers
