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
