Kalihi neighborhood service station with longtime tenant (Hele/Tesoro Gas) for sale. Location is conveniently right off Likelike Highway and School Street. Tenant is currently under 1 of 4 extension options of 5-years each. Tenant also invested $300,000 into the property with new fuel tanks, pumps, pump canopy and convenience store in 2015-16. Current lease rent is guaranteed for $5892 a month till end of 2022 then increases to $6482 per month 2023-2024. Each lease extension from end of 2024 increases 10% every five years.
* This payment calculator is intended for educational and planning purposes only. ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
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Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.