This offering is for Dragon Shopping Center, a landmark building located in the heart of downtown Kapa'a located along Kuhio Highway (21,000 vehicles per day), which is the primary arterial serving the island of Kauai. The property is located minutes from the Lihu’e airport along the East Coast of Kauai. This area serves as the major tourist destination, and is also home to the most densely populated area of full time residents. The center benefits from its Mix use zoning, central location, situated in the heart of the business district, tourist attractions, and residential communities on Kauai, and is also adjacent to ABC Store, creating tremendous draw to the center and cross-over traffic. The property is comprised of local tenants dedicated to serving both tourist and residents alike, including tenants such as Sushi Restaurant, Art Galleries, Bookstore, Jiu Jitsu, and more. In addition, there are over 1.2 million foreign and domestic tourists that visit the island of Kauai annually. This is a perfect passive, hands off investment for both the on-island and mainland investor. Highlights: Investment provided excellent yield to the new investor Over 10 years of solid occupancy & revenue history Strong Occupancy and Demand Strong downtown strip location & Retail destination Growing tourism trends – 1.2 million visitors annually High Barriers to entry Please do not disturb tenants. Updated financials show current CAP Rate of 9.5%. Private Remarks: Prop. Type: Retail Leasable Area: 14,478 sq ft Land Area: 17,011 sq ft View: Mountain, Ocean Tenure: LH (50 year Ground Lease remaining) Year Built: 1989/90 Parking Stalls : 30 NOTE: Assessed Value not available for Lease Area A. Figure provided is for entire parcel.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
