Property Description

The Amis & Elements Salon Suites (6601 & 6609 Precinct Line Rd) offer a unique investment opportunity in a highly sought-after location in North Richland Hills, TX. This fully operational, well-maintained property is designed specifically for beauty professionals and small business owners 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.Two free standing properties (only selling as a portfolio): -For Sale: $2,900,000.00 -CAP Rate: 8.5% -Combined Occupancy: 87%Building Features: -Shared Amenities including waiting area, lounge, restrooms, wash stations and laundry -Parking ratio 11 : 1,000 SF -Irrigation system -Energy efficient windows -High-speed internet and telecommunications infrastructure -New 30yr designer roof installed on both salons Oct. 2024 -Video notification system in Salon Amis to notify the stylists of their clients -Security System -Access Key Pad for stylists -No POA or HOAInvestment Highlights: Prime Location: High traffic area along Precinct Rd. (Traffic Volume 28,625) in North Richland Hills.Diverse Tenant Base: The suites are home to a variety of tenants including hairstylist, nail techs, estheticians and other beauty professionals.Stylish Office: Built with a modern, comfortable and private environment.Attractive Leasing Opportunity: Multi-tenant with short-term leases, allows dynamic repricing.Well-Maintained: The building is in excellent condition with modern renovations and upgrades.Low Turnover and High renewal rate: 62% of tenants have had a lease for more than 5 years.

Property Features