Fee Simple Absolute Net Leased Asset with Redevelopment Potential - Lex Brodie's Waipahu - Availability Details
94-169 Farrington Hwy, Waipahu, HI 96797
- For Sale $6,900,000
- City Waipahu
- Zip Code 96797
- Market Honolulu
- Property Type Retail
- Property Size 16,547 Sqft
- Lot Size 1.03 Sqft
- Date Updated 21 Jun, 2021
Lex Brodie’s Tire, Brake & Service Company is located on Farrington Highway, the main thoroughfare through Waipahu, Hawaii. With excellent visibility to vehicular traffic, Lex Brodie’s is a service-related business that has proven to be resilient through COVID, while offering a stable, absolute net leased asset with significant redevelopment potential in the future.
Lex Brodie’s lease expires in 2034 with rent-step ups throughout the remainder of the term, providing ample time to create redevelopment plans for the site that is steps from the West Loch Rail Station and within the Waipahu Transit Oriented Development Plan. Future residential and/or mixed-use development could allow for up to 3.5 FAR (Floor to Area Ratio) and a 90 foot height limit.
This exceptional offering provides for stable returns with excellent future upside potential in a vibrant commercial area.
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