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Miscellaneous

Las Sendas Salon Suites Sale-Leaseback

3654 N Power Rd, Mesa, AZ 85215

Listing Price: $2,500,000

Cap Rate
6.00%
Tenant Name
LS Salon LLC
Gross SF
4,875
Guarantor
Personal Guarantee
Rentable SF
4,875
Price/Gross SF
$512.82
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.77

Investment Overview

Las Sendas Salon Suites, situated in Mesa, Arizona since 2017, offers beauty professionals twenty-four high-end, fully furnished and equipped salon spaces. Capitalizing on the rising demand for suites, Las Sendas’ Suites Operator has seen an increase in profits annually, while also raising their tenants’ earnings by 50% in many cases. By providing amenities such as three client waiting areas, two ADA restrooms, ADA accessible entrances, a utility and laundry room, generous free parking accommodations, indoor climate control features, and programmable security access, satisfaction is guaranteed for both tenants and their clientele. 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

  • Brand New Absolute Triple-Net (NNN) Lease with 15 Year Lease Term
  • Recently Renovated in 2017
  • 2020 Average Household Income within 1 Mile of Property $148,316
  • Strong Daytime Population of 101,665 within 5 Miles of Property
  • Annual Increases in Profits for Suite Operators from Opening
  • Red Mountain Gateway Shopping Mall within 3 Miles with Major Retailers - Target, The Home Depot, Bed Bath & Beyond, and PetSmart.
  • Access to Loop 202 Red Mountain Freeway within 5 Minutes Driving Distance
  • Located within 1.5 Miles of Red Mountain Ranch Country Club, Las Sendas Golf Club, and Longbow Golf Club

Exclusively Listed By

Miscellaneous

Las Sendas Salon Suites Sale-Leaseback

Listing Price: $2,500,000

Cap Rate
6.00%
Tenant Name
LS Salon LLC
Gross SF
4,875
Guarantor
Personal Guarantee
Rentable SF
4,875
Price/Gross SF
$512.82
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$30.77

Investment Highlights

  • Brand New Absolute Triple-Net (NNN) Lease with 15 Year Lease Term
  • Recently Renovated in 2017
  • 2020 Average Household Income within 1 Mile of Property $148,316
  • Strong Daytime Population of 101,665 within 5 Miles of Property
  • Annual Increases in Profits for Suite Operators from Opening
  • Red Mountain Gateway Shopping Mall within 3 Miles with Major Retailers - Target, The Home Depot, Bed Bath & Beyond, and PetSmart.
  • Access to Loop 202 Red Mountain Freeway within 5 Minutes Driving Distance
  • Located within 1.5 Miles of Red Mountain Ranch Country Club, Las Sendas Golf Club, and Longbow Golf Club

Investment Overview

Las Sendas Salon Suites, situated in Mesa, Arizona since 2017, offers beauty professionals twenty-four high-end, fully furnished and equipped salon spaces. Capitalizing on the rising demand for suites, Las Sendas’ Suites Operator has seen an increase in profits annually, while also raising their tenants’ earnings by 50% in many cases. By providing amenities such as three client waiting areas, two ADA restrooms, ADA accessible entrances, a utility and laundry room, generous free parking accommodations, indoor climate control features, and programmable security access, satisfaction is guaranteed for both tenants and their clientele. 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

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