SOLD: Burger King and Fitness Forever - 75-5643 Kopiko St, Kailua Kona, HI 96740
For Sale
For Sale
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Overview
These two parcels are located in the heart of Kailua-Kona with the Burger King building directly on Palani Road. Both the land and improvements on parcel 39 (Burger King) are owned by Lanihau Properties. They have signed a typical commercial lease with Kazi Food Corp dba Burger King through June 2024. Parcel 40 (Fitness Forever) is owned in fee by Lanihau Properties, with a ground lease through March 2038 with Kona Coast Investment Company. Kona Coast Investment Company is currently sub-leasing the improvements to Fitness Forever.
Both tenants have been current with their rent during the pandemic
Fee simple opportunity with income stream in place
High visibility & convenient access
Strategic location on main access Palani Road in Kailua-Kona, near Kailua Bay with endless waterfront activities
Upside potential to increase income
Unencumbered parcels allow buyer to place new non-recourse financing Located in a high density community neighborhood area with high income demographics
Location enjoys tourist traffic to bolster residential customer base
Property Details
These two parcels are located in the heart of Kailua-Kona with the Burger King building directly on Palani Road. Both the land and improvements on parcel 39 (Burger King) are owned by Lanihau Properties. They have signed a typical commercial lease with Kazi Food Corp dba Burger King through June 2024. Parcel 40 (Fitness Forever) is owned in fee by Lanihau Properties, with a ground lease through March 2038 with Kona Coast Investment Company. Kona Coast Investment Company is currently sub-leasing the improvements to Fitness Forever.
Both tenants have been current with their rent during the pandemic
Fee simple opportunity with income stream in place
High visibility & convenient access
Strategic location on main access Palani Road in Kailua-Kona, near Kailua Bay with endless waterfront activities
Upside potential to increase income
Unencumbered parcels allow buyer to place new non-recourse financing Located in a high density community neighborhood area with high income demographics
Location enjoys tourist traffic to bolster residential customer base
- Property TypeLand
- Sale Price$5,000,000
- Total Acres0.32
- Number of Floors1
- ZoningCG and CV
- Last updatedAug 11, 2021
- Property ID2135226