COCONUT GROVE
Kaliua-Kona, HI
$21,800,000
49,513 Sq Ft.
CHALLENGES
Primarily local / mom & pop restaurant / food concepts.
Short term leasehold on protion of parking lot.
Capitalizing over $350,000 of percentage rent.
MARKETING STRATEGY
Focused on rare opportunity to acquire irreplacable oceanfront Hawaii retail center with rare ample parking.
Showcase highly successful restaurant and daily needs (ABC Store) operators with increasing yearly sales.
Private family lessor on parking lot willing to negotiate GL extension post-closing
Branded site as the primary community gathering spot with grass courtyards & volleyball beach experience.
RESULTS
Attracted strong investor interest from Hawaii as well as the mainland with multiple offers.
Procured highly motivated investor with vacation home in Kona.
Exceeded seller expectations delivering strong return to ownership private equity fund.