Premiere Location New Proposed Retail Development Kahala Trade Area NEW 9,900 Sf + of Shops
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premiere location kahala trade area EAST HONOLULU’S new NEWEST PROPOSED proposed RETAIL DEVELOPMENT retail development EXCLUSIVELY FOR LEASE BY: NEW 9,900 sf + of shops East Honolulu - Kahala waikiki Located in a trade area with one of the highest average household incomes in the State of Hawaii, the iconic Kahala Bowling Alley site is proposed for redevelopment to kapiolani community kapahulu kaimuki provide the Kahala trade area college with first generation retail space to accommodate a variety of uses such kahala as restaurants, service providers, and kahala mall traditional retail concepts. The site is shadow anchored by the trade area’s KILAUEA AVE 18,250 VPD only enclosed mall, Kahala Mall, which consists of approximately 464,000 kahala SF of GLA and is home to retail powerhouse trade names such as Macy’s, Banana Republic, Ross Dress for Less, Consolidated Theaters, Apple, Starbucks, Whole Foods, CVS, The the kahala hotel Counter, Chili’s, California Pizza Kitchen, & resort and a variety of other top names in retail. Kahala Mall has maintained exceptionally high occupancy rates and plays host to multiple and very waialae country club popular community events. TRADE AREA 1-Mile 3-Mile 5-Mile 2016 Population 17,229 118,071 222,132 2021 Est. Population 17,728 122,206 230,951 2016 Median Age 48.9 43.8 44.9 2016 Households 6,427 46,150 95,116 2016 Household Income $131,282 $101,192 $90,194 Source: ESRI 2016 kaimuki EAST HONOLULU’S NEWEST PROPOSED RETAIL DEVELOPMENT Kilauea Avenue 18,250 VPD 1 2 3 4 5 6 7 8 1 2 3 4 9 10 Entrance to Kahala Mall The residential neighborhood of Kahala is home to 51,170 people and has a median age of 45.9 and a median household income of $107,396. Immediately adjacent to the site is Kahala Elementary school which has a student body of 375 students and approximately 1.6 miles away is Kapiolani Community College which has a student body of approximately 5,000 students. In addition, approximately 1.1 miles away is the Kahala Hotel which is a multiple recipient of the Forbes Travel Guide 4-Star award for and is considered to be one of the most luxurious hotels on Oahu. Adjacent to the Kahala Hotel is Waialae Country Club which is host to the annual PGA golf tour stop, The Sony Open. The site is proposed to be home to Kahala’s newest McDonald’s restaurant and is projected to provide approximately 10,000 SF of various sized shop spaces that will be positioned along the main drive aisle and one of the key access points to Kahala Mall. This retail development will also provide tenants with exceptional exposure facing Kilauea Avenue, which boasts approximately 18,250 vehicles per day. Multiple points of ingress and egress to the site will allow for ease of access for patrons, and parking will be abundant with approximately fifty seven stalls available for use. Common area men’s and women’s restrooms will be provided along with common area outdoor seating. Wendell F. Brooks, III (S) Delivery of the retail shops is currently targeted for the end of 2017. +1 808 203 5715 [email protected] Address: 4618 Kilauea Ave Honolulu, Hawaii 96816 James “Kimo” L. Greenwell (S) Asking Minimum Rent: Call agent for details +1 808.203.5702 Operating Expenses: Estimated to be $1.72/SF/Month [email protected] Term: 3 – 5 years Percentage Rent: Negotiable Exclusively offered by JLL Wendell F. Brooks, III (S) James “Kimo” L. Greenwell (S) Senior Vice President, Retail Brokerage Lead Senior Associate, Retail Bokerage +1 808 203 5715 +1 808 203 5702 [email protected] [email protected] Although information has been obtained from sources deemed reliable, Owner, Jones Lang LaSalle, and/or their representatives, brokers or agents make no guarantees as to the accuracy of the information contained herein, and offer the Property without express or implied warranties of any kind. The Property may be withdrawn without notice. If the recipient of this information has signed a confidentiality agreement regarding this matter, this information is subject to the terms of that agreement. ©2016. Jones Lang LaSalle. All rights reserved. 11/07/16 .