Signature Salon Studios

10,480 SF | Retail Building | Mesa, AZ 85206 | $2,650,000 ($253/SF) | 7.29% Cap Rate

Date Added:
May 17, 2024
Days on Market:
28 days

Asking Price $2,650,000

Property Type
Retail
Square Feet
10,480 SF
Price / Square Foot
$253

Listing Contacts

Christopher Lind
Christopher Lind
Verified Profile
Mac Cleary
Mac Cleary
Verified Profile
Mark Ruble
Mark Ruble
Verified Profile
  • Property Info

Property 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.

Property Details

Class
C
Year Built
2002
Stories
1
Property Subtype
Freestanding
Lot Size (sq. ft)
78,844 SF

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

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