1950 Kalihi St

Incredible opportunity for an investor to acquire a fee simple single-tenant retail property with a long-term absolute triple net (NNN) lease to an excellent tenant, Par Hawaii, LLC. Par Hawaii was ranked the #1 in 2023 by Hawaii Business Magazine for its Top 250 list of Hawaii companies, with an annual revenue of $4.4 billion. Par Hawaii operates over 90 retail locations in Hawaii under the Hele, 76, and nomnom brands, in addition to an oil refinery which provides fuel to the islands. The lease structure allows for a passive management investment, with the tenant solely responsible for all costs of maintaining and operating the property. This property is the only gas station servicing the entire Kalihi Valley, making it high performing location on a busy thoroughfare. There is a CLEAN ENVIRONMENTAL REPORT as well.

• Long-term 11-year lease with three options to extend by five (5) years each

• Zero landlord responsibilities – the NNN lease requires the tenant to pay all real property taxes, insurance, and maintenance expenses including roof, structure, and parking areas

• Par Hawaii, LLC operates its retail locations under the Hele, 76, and nomnom brands

• Parent company is publicly traded (NYSE: PARR) with over $7.3 billion in annual revenue

• Clean environmental report with no recognized environmental conditions

• Easily accessible corner location with two curb cuts on Kalihi street

• Only gas station servicing the Kalihi Valley