S TREET...RITZ-CARLTON RESIDENCES HYATT CENTRIC WAIKIKI ADDRESS 352 Lewers Street tmk (1) 2-6-18 :...
Transcript of S TREET...RITZ-CARLTON RESIDENCES HYATT CENTRIC WAIKIKI ADDRESS 352 Lewers Street tmk (1) 2-6-18 :...
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FOR SALE OR LEASE WAIKIKI PROPERTY
352L E W E R SL E W E R SS T R E E TS T R E E T
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As the exclusive advisor, Jones Lang LaSalle Americas, Inc. (“JLL”) takes pleasure in presenting this exceptional and unique opportunity located on the corner of Lewers Street and Kuhio Avenue in world renowned resort destination Waikiki, Hawaii. This 2,260 square foot retail space on 4,108 square feet of fee simple land was formerly occupied by Whaler’s General for over 30 years and is now available for purchase or long-term lease.
THETHE Opportunity
Within the last 7 years, Waikiki has seen a surge of new construc-tion and renovations of existing hotels such as the Ritz-Carlton Residences Waikiki Beach, Espacio The Jewel of Waikiki, Halepuna Waikiki by Halekulani, the Waikiki Beachcomber by Outrigger, White Sands and the Waikiki Beach Marriott. In addition, high-end retailers such as Tesla, Saint Laurent, Celine, Prada, and more, can be found within walking distance.
luxury all around
Highly visible along both Lewers Street and Kuhio Avenue, the property also sits in a densely populated area of Waikiki, with more than 30,000+ hotel rooms and condominium units within one mile of the location. It is also within walking distance of notable retail venues such as the Royal Hawaiian Shopping Center, Luxury Row, T Galleria by DFS Hawaii, the International Marketplace and the Waikiki Shopping Plaza. Over 21,000 vehicles pass the subject site every 24 hours.
DAYTIME POPULATION 300,000+ (2019)
24-HOUR ADT 21,000+ VEHICLES TREMENDOUS KUHIO AVE. FRONTAGE
RARE FEE SIMPLE OPPORTUNITY IN THE HEART OF WAIKIKI
30,000+ HOTEL/TIMESHARE UNITS WITHIN LESS THAN 1-MILE
OVER $2B IN CONSTRUCTION/RENOVATION IN LAST 2 YEARS ALONG KUHIO AVENUE
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LEWERS STREET
LEWERS STREETSEASID
E AVENU
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SEASIDE AVEN
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ROYAL HAWAIIAN AVENUE
ROYAL HAWAIIAN AVENUE
KAIOLU STREET
KAIOLU STREET
KALAKAUA A
VENUE
KALAKAUA A
VENUE
KUHIO AV
ENUE
KUHIO AV
ENUE
KUHIO AV
ENUE
KUHIO AV
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ROYAL HAWAIIANROYAL HAWAIIANHOTELHOTEL
SHERATONSHERATONWAIKIKIWAIKIKI FORTFORT
DERUSSYDERUSSY
RITZ-CARLTONRITZ-CARLTONRESIDENCESRESIDENCES
HYATT HYATT CENTRICCENTRICWAIKIKIWAIKIKI
ADDRESS 352 Lewers Street tmk (1) 2-6-18 : Parcel 13Honolulu, Hawaii 968
TOTAL AREA Building Area 2,260 sf zoning RESCOMLAND Area 4,108 sf
base rent/FEE SIMPLE PRICE Contact Broker for Details
opex & utilities Tenant Responsibility; NNN Lease term Negotiable
THETHE Property
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THETHE MarketSTATE OF HAWAII OVERVIEW (AS OF 2018)
The State of Hawaii is home to some of the most famous resort-oriented commercial shopping centers in the country,
if not the World. From the Royal Hawaiian Shopping Center on Waikiki Beach to the Whaler’s Village in the Kaanapali
Beach Resort, Hawaiian resort retail properties feature the finest luxury, dining, apparel, convenience, jewelry, and
more, seen in the most sought after resort destinations in the world. The State of Hawaii is home to approximately 70
retailers who have their top 1,2 or 3 stores in the islands, half of which are resort related.
Over 9,900,000 people visited Hawaii in 2018. These tourists spent over $17.82 Billion dollars on hotels, food, shopping,
excursions, entertainment and more. A recent ICSC publication identified the top activities when people are on
vacation as dining out, followed by shopping.
WAIKIKI TRADE AREA
Located along the southern shore of the Island of Oahu, Waikiki is a famous worldwide destination bounded by Ala Wai Boulevard to the north and west, Ala Moana Boulevard
and Kalakaua Avenue to the south and Kapahulu Avenue to the east. Encompassing approximately 1.5 miles, Waikiki
was once a favorite retreat for Hawaiian royalty. Today, Waikiki is home to large resort hotels such as the Hilton
Hawaiian Village, Halekulani Hotel, the Hyatt Regency and the Sheraton Waikiki in addition to luxury retailers such as Chanel, Louis Vuitton, Prada, Burberry, Dior, Tiffany & Co.,
Cartier and Gucci.
DEMOGRAPHICS
2010 2019 2024
Population 23,073 25,741 26,803Median Age 42.5 45.1 45.6Households 13,002 14,158 14,653Average HH Income $75,660 $90,668*Source: U.S. Census Bureau, Census 2010 Summary File 1. Esri forecasts for 2019 and 2024.
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WAIKIKIWAIKIKI Hotels + Amenities
100
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1411
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9613
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49 12
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4329 82
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70
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5217
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7
75
40 42
63
45 73 41
2695
WAIKIKI BEACHALA WAI YACHT HARBOR
HILTON LAGOONKUHIO BEACH
86
34 60
683
36
68 35
87
7659
48
102
74
90
33
64
67
65
3778
61
32
5
58
25
49 88
44
19
108
109
110
Ala m
oana
blvd
Ala m
oana
blvd
Kalakaua aveKalakaua ave
MccullyMccully
Niu
Niu
Keon
iana
Keon
iana
Kuam
ooKu
amoo
Nam
ahan
aNa
mah
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Oloh
ana
Oloh
ana
Kalai
mok
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laim
oku
Laun
iuLa
uniu
Kaio
luKa
iolu
Lewe
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Roya
l haw
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Roya
l haw
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Seas
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Seas
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Duke
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Kalakaua aveKalakaua ave
Kaiu
lani
Kaiu
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KoaKoa
Ulun
iuUl
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Liliu
okala
niLi
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alani
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hilan
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alohi
lani
Paoa
kalan
iPa
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lani Cartwright
Cartwright
Kalakaua ave
Kalakaua ave
Monsa
rrat av
e
Monsa
rrat av
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LamonLamonOhua
Ohua
WaikoluWaikolu
AlohaAlohaManukaiManukai
Noho
nani
Noho
nani
Nahu
aNa
hua
Wali
naW
alina
Kane
kapo
leiKa
neka
polei
Kaiu
lani
Kaiu
lani Wai
nani
Wai
nani
PualaniPualani
KaneloaKaneloa
Aina
kea
Aina
kea
Park avePark ave
TusitalaTusitala
Ala wai bl vdAla wai bl vd
Kapu
niKa
puni
CleghornCleghornKuhio aveKuhio ave
Malu
hia r
d.Ma
luhi
a rd.
Sara
toga
Sara
toga
Beac
hwalk
Beac
hwalk
LauulaLauula
Lewe
rsLe
wers
HelumoaHelumoa
KaliaKalia
Kalia rdKalia rd
Paoa
Paoa
Pau
Pau
Ala moana blvdAla moana blvd
Kaioo
Kaioo
Hobr
onHo
bron
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105106
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Ala Moana Hotel Honolulu by Mantra (100)Aloha Towers Condominium (109)Aloha Pacific Hotel (1)Alohilani Resort Waikiki Beach (59)Ambassador Hotel (3)Aqua Marina (97)Aqua Palms Waikiki (13)Aqua Skyline Hotel at Island Colony (31)Aston Waikiki Beach Hotel (22)Big Surf (98)Breakers Hotel (4)Coconut Waikiki Hotel (9) Colony Surf (5)Continental Surf (6)Coral Seas Hotel (8)
Courtyard by Marriott Waikiki Beach (47) Discovery Bay (10)Double Tree Alana Hotel (81)Espacio: The Jewel of Waikiki (91)Ewa Hotel Waikiki (67)Foster Tower Hotel (102)Hale Koa Hotel (11)Halepuna Waikiki by Halekulani (82)Halekulani (12)Hawaiian Colony Hotel (15)Hawaiian King Hotel (17)Hawaiian Monarch (18)Hawaiian Hotel (20)Hawaiian Prince Apartments (25)Hilton Hawaiian Village (21)
Holiday Inn Express Waikiki (12)Holiday Surf Hotel (29)Hotel Renew(64)Hyatt Regency Waikiki (26)Hyatt Centric Waikiki Beach (110)llikai Hotel & Luxury Suites (27)llima Hotel (28)Inn on the Park (30)Kaimana Beach (32)Kaimana Villa (33)Kaulana Kai Hotel (34)Kuhio Village Resort (35)The Laylow (7)Lealea Hale (36)Luana Waikiki Hotel & Suites (72)
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100
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97
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91
21
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9613
84
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49 12
38
101
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4
20
62
23
8
53
57
4329 82
71
80
55
54
47
70
39
31
5217
94
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75
40 42
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45 73 41
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WAIKIKI BEACHALA WAI YACHT HARBOR
HILTON LAGOONKUHIO BEACH
86
34 60
683
36
68 35
87
7659
48
102
74
90
33
64
67
65
3778
61
32
5
58
25
49 88
44
19
108
109
110
Ala m
oana
blvd
Ala m
oana
blvd
Kalakaua aveKalakaua ave
MccullyMccully
Niu
Niu
Keon
iana
Keon
iana
Kuam
ooKu
amoo
Nam
ahan
aNa
mah
ana
Oloh
ana
Oloh
ana
Kalai
mok
uKa
laim
oku
Laun
iuLa
uniu
Kaio
luKa
iolu
Lewe
rsLe
wers
Roya
l haw
aiian
Roya
l haw
aiian
Seas
ide
Seas
ide
Duke
s lan
aDu
kes l
ana
Kalakaua aveKalakaua ave
Kaiu
lani
Kaiu
lani
KoaKoa
Ulun
iuUl
uniu
Liliu
okala
niLi
liuok
alani
Kealo
hilan
iKe
alohi
lani
Paoa
kalan
iPa
oaka
lani Cartwright
Cartwright
Kalakaua ave
Kalakaua ave
Monsa
rrat av
e
Monsa
rrat av
e
LamonLamonOhua
Ohua
WaikoluWaikolu
AlohaAlohaManukaiManukai
Noho
nani
Noho
nani
Nahu
aNa
hua
Wali
naW
alina
Kane
kapo
leiKa
neka
polei
Kaiu
lani
Kaiu
lani Wai
nani
Wai
nani
PualaniPualani
KaneloaKaneloa
Aina
kea
Aina
kea
Park avePark ave
TusitalaTusitala
Ala wai bl vdAla wai bl vd
Kapu
niKa
puni
CleghornCleghornKuhio aveKuhio ave
Malu
hia r
d.Ma
luhi
a rd.
Sara
toga
Sara
toga
Beac
hwalk
Beac
hwalk
LauulaLauula
Lewe
rsLe
wers
HelumoaHelumoa
KaliaKalia
Kalia rdKalia rd
Paoa
Paoa
Pau
Pau
Ala moana blvdAla moana blvd
Kaioo
Kaioo
Hobr
onHo
bron
103
104
105106
107
HOTELSHOTELS MAJOR SHOPPING VENUESMAJOR SHOPPING VENUES
Makani Kai Hotel (37) Malihini Hotel (38)Marine Surf Hotel (39) Miramar Hotel (40) Moana Hotel (41) Ohana East (42)Ohana Maile Court (46)Ohana Reef Towers (51)Ohana Royal Islander (101)Ohana Surf (52)Ohana Waikiki Surf (54)Ohana Waikiki Tower (57)Ohana West (58)Outrigger Edgewater (43)Outrigger Hobron Hotel (44)Outrigger Hotel (45)Outrigger Islander Waikiki (23)Outrigger Reef (49)Outrigger Reef Lanai (50)
Outrigger Village (53)Outrigger Waikiki Surf East (55)Pacific Monarch (60)Park Shore Hotel (61)Polynesian Residences, Waikiki Beach (62)Prince Waikiki Honolulu Luxury (14)Princess Kaulani (63)Queen Kapiolani Hotel (65)Ritz-Carlton Residences (108)Radisson Prince Kuhio Hotel (48)Royal Grove Hotel (68)Royal Hawaiian Hotel (69)Royal Kuhio (70)Sheraton Waikiki (71)Surfjack Hotel & Swim Club (2)Surfrider Hotel (73)Tradewinds (96)Waikiki Banyan (74)Waikiki Beach Marriott (19)
Waikiki Beachcomber (75)Waikiki Circle Hotel (76)Vive Hotel (77)Waikiki Grand Hotel (78)Waikiki Hana (95)Waikiki Holiday Hotel (79)Waikiki Joy Hotel (80)Waikiki Park Heights (83)Waikiki Parkside (84)Waikiki Prince Hotel (86)Waikiki Resort (87)Waikiki Sand Villa (88)Waikiki Shore Resort (89)Waikiki Sunset (90)Waikiki Beachwalk (103)Royal Hawaiian Center (104)Luxury Row (105)Waikiki Shopping Plaza (106)International Marketplace (107)
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1585 Kapiolani Boulevard, Suite 1750 Honolulu, Hawaii 96814T. 808.203.5700 F. 808.203.5709
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. ©2020. Jones Lang LaSalle. All rights reserved.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of more than 93,000 as of September 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated.
For further information, visit jll.com.
us.jll.com
Wendell F. Brooks, III (S) Executive Vice President, Retail Brokerage Lead T. 808.203.5715 F. 808.203.5709 [email protected]
James “Kimo” L. Greenwell (S)Vice President, Retail BrokerageT. 808.203.5702 F. [email protected]
Prior to Whaler’s General Store, this magnificent Art Deco residence occupied the site. This part of Kuhio
Avenue was predominantly residential and flourished after the development of the Ala Wai Canal, one of
the most noteworthy civic projects of its time. There are still remnants of this golden-era surrounding the property, including the buildings directly next-door.