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Miscellaneous

Signature Salon Studios

5114 E Southern Ave, Mesa, AZ 85206

Listing Price: $2,800,000

Cap Rate
6.90%
Tenant Name
Signature Salon Studios
Years Remaining On Lease
7.8
Gross SF
10,480
Guarantor
Corporate Guarantee
Rentable SF
10,480
Price/Gross SF
$267.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.43

Investment Overview

For an exceptional upscale salon experience, clients need look no further than Signature Salons, a Mattison Salon Suites and Spa property. Salon suites are generously illuminated and roomy, staffed by top-tier beauty professionals, and provide a range of suite sizes to suit businesses of all types, coupled with cutting-edge equipment and technology, ensuring clients always have access to the latest and most advanced tools.

Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University. The city’s top employers include Banner Health, Boeing, Walmart, Fry’s Food & Drug, and The Home Depot.

Investment Highlights

  • Eight Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Longstanding Tenant at Strong Medical and Retail Intersection
  • 6.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 325,386 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
  • Average Household Income Exceeds $95,500 in the Immediate Area
  • Immediate Proximity to Superstition Springs Center, Major Retail Shopping Mall with Over 60 Specialty Stores and Entertainment Concepts
  • Highly Visible Location Along East Southern Ave and Higley Rd (Over 64,900 Cars per Day at Intersection)
  • Surrounded by National Retailers - Sprouts Farmers Market, Lowe's Home Improvement, Walmart Supercenter, and Many More

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Miscellaneous

Signature Salon Studios

Listing Price: $2,800,000

Cap Rate
6.90%
Tenant Name
Signature Salon Studios
Years Remaining On Lease
7.8
Gross SF
10,480
Guarantor
Corporate Guarantee
Rentable SF
10,480
Price/Gross SF
$267.18
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$18.43

Investment Highlights

  • Eight Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • Longstanding Tenant at Strong Medical and Retail Intersection
  • 6.5 Percent Rental Increases Every Five Years with Multiple Renewal Options
  • 325,386 Residents within a Five-Mile Radius - Growing Trade Area in the Phoenix MSA
  • Average Household Income Exceeds $95,500 in the Immediate Area
  • Immediate Proximity to Superstition Springs Center, Major Retail Shopping Mall with Over 60 Specialty Stores and Entertainment Concepts
  • Highly Visible Location Along East Southern Ave and Higley Rd (Over 64,900 Cars per Day at Intersection)
  • Surrounded by National Retailers - Sprouts Farmers Market, Lowe's Home Improvement, Walmart Supercenter, and Many More

Investment Overview

For an exceptional upscale salon experience, clients need look no further than Signature Salons, a Mattison Salon Suites and Spa property. Salon suites are generously illuminated and roomy, staffed by top-tier beauty professionals, and provide a range of suite sizes to suit businesses of all types, coupled with cutting-edge equipment and technology, ensuring clients always have access to the latest and most advanced tools. Mesa is the third largest city in Arizona, after Phoenix and Tucson, and the 38th largest city in the U.S. It is home to numerous higher education facilities, including the Polytechnic campus of Arizona State University. The city’s top employers include Banner Health, Boeing, Walmart, Fry’s Food & Drug, and The Home Depot.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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