Investment Opportunity: Land with Long-Term Lease Income Near Kadena Air Base
This property is a 1,442 square meter plot of land located in the Mori-ne district of Okinawa City, Okinawa Prefecture. It is classified as "miscellaneous land" with potential for residential development. The key feature of this listing is its status as a U.S. military facility land (軍用地) with a long-term, stable lease income stream from Kadena Air Base. According to the agent's special notes, this is a facility with no scheduled return, meaning the lease is expected to continue indefinitely. The current monthly ground rent is 295,512 yen, with a multiplier of 45 times, resulting in a unit price of 1,707.81 yen per square meter. The rent increase rate is set at 1.00%. The ownership is shared, with the seller's share being 3/25 of the total title.
This presents a unique investment opportunity for those seeking a hands-off income property. The land is leased to the U.S. military, providing a reliable and long-term tenant with a strong credit profile. The predictable 1.00% annual increase offers a hedge against inflation. The land's classification as miscellaneous land with residential potential also suggests future development possibilities, adding a layer of long-term capital appreciation potential beyond the steady rental income.
The area of Okinawa City is a vibrant mix of local culture and American influence due to the presence of several U.S. military bases. An interesting fact is that Okinawa City hosts the Okinawa City Zoo and Museum, which is unique for combining animal exhibits with cultural and historical displays about the Ryukyu Islands. The closest major landmark is the vast Kadena Air Base itself, one of the largest and most strategically important U.S. Air Force installations in the Asia-Pacific region.
