JLL is pleased to offer qualified investors the rare and exciting opportunity to acquire the leasehold interest in Lahaina Gateway (the “Property”), in Lahaina (Maui), Hawaii. The 135,986 SF grocery-anchored shopping center. Lahaina is one of the most affluent and popular resort destinations throughout the Hawaiian Islands. Built in 2008, the property benefits from an ideal location on one of the main thoroughfares in Maui, the Honoapiilani Highway (80,000 VPD). The 11.35-acre site provides excellent visibility and accessibility due to its extensive frontage and two points of ingress/egress on Keawe Street. The recent completion of the Lahaina Bypass now provides additional access to Keawe Street from the west. At 77% occupied today with negotiated leases that take the shopping center to 90% leased, the Property provides investors a unique value-enhancement opportunity with a diverse in-place tenancy that includes Foodland Farms, Ace Hardware, Ross, and a mix of food, leisure, beauty, health, and daily needs retailers.
- GROCERY-ANCHORED SHOPPING CENTER WITH DIVERSE TENANT MIX
- TOP TOURIST DESTINATION
- EXCEPTIONAL VISITOR DEMOGRAPHICS
- EXCELLENT LOCATION
- LOCAL HOUSING DEVELOPMENTS
- BARRIERS TO ENTRY
- UNENCUMBERED ASSET