Salon Suites - Real Estate / High Occupancy
www.GlobalBX.com
Listing ID:
700400432
Listing Title:
Salon Suites - Real Estate / High Occupancy
Quick Link:
http://www.globalbx.com/listing.asp?bId=400432
Industry:
Real Estate
Industry Segment:
Other Real Estate
Country:
United States
State / Province:
Texas
Area
City:
Tarrant County
Asking Price Range:
$2.5M - $5.0M
Gross Revenues:
$405,117
Cash Flow:
$247,047
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2020
Number of Employees:
1 - 3
Business Description:
Salon Suites - Real Estate/High Occupancy/Weekly Cash Flow
Two Separate Salon Suites offer a unique investment opportunity in a highly sought-after and affluent area of Tarrant, TX. This fully operational, well-maintained property is designed specifically for beauty professionals seeking flexible, upscale spaces. With high demand for salon suite leasing and an established reputation in the community, this is a prime asset for any investor or owner-operator looking to expand into the rapidly growing salon suite market.
- Recession resistant business
- Short term leases (one year or less) allows dynamic repricing
- Exceptionally low turnover rate and consistent high occupancy
- Currently in-place rents yield higher than market rental rates given the subdivision of the space
- Multi-tenant base reduces vacancy/business risk of single tenant lease
- Tenants pay weekly in advance
Salon One:
- Asking Price $1,893,573
- Built 2007
- Building 3,901 SF
- Land 20,030 SF
- 96% Occupied
Salon Two:
- Asking Price $1,400,387
- Built 2011
- Building 3,263 SF
- Land 25,998 SF
- 76% Occupied
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