CALL FOR PRICING - Four Luxury Salon & Spa Suite is DFW Market - Keller, McKinney, Fort Worth and Lewisville
The “Salon Suite” Concept has revolutionized the way the salon industry operates over the last several years. The open floor plan with communal space under the direction of the salon owner has become obsolete. The salon suite concept has gained recognition across the country as a superior venue choice for beauty professionals. The luxury salon and spa portfolio was built specifically for the needs of the professionals to enhance the quality of experience for their clients.
1. Recession resistant business
2. Short term leases (one year or less) allows dynamic repricing
3. Exceptionally low turnover rate (75%+ renewal rate)
4. Currently in-place rents below market rental rates
5. Multi-tenant base reduces vacancy/business risk of single tenant lease
6. Tenants pay weekly in advance (98% via ACH)
7. Occupancy has never fallen below 96% in 10 years+ operating history
8. Building Size: 11,400sf, two story free standing properties
9. 40 suites in each building comprised primarily of single suites with a few doubles, one triple and one 5 person suite