Colorado Springs, CO
Price: $2,920,000
Cap Rate: 5.00%
Status: AVAILABLE

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Blue West Capital is pleased to exclusively offer for sale Phenix Salon Suites in Colorado Springs, the 2nd most populous city in Colorado. This property features a long-term, absolute triple net lease with no landlord responsibilities. This is a rare corporate location owned and operated by Gina & Jason Rivera, the founders of Phenix Salon Suites. Phenix Salon Suites is the leading salon suite company with 336 current locations and an additional 103 locations expected to open in the next 12 months both internationally and in the U.S. 

The property features upgraded high-end construction with significant storefront glass, stone accents, and contemporary four-sided architecture. The property is strategically located in an affluent surrounding area with average household incomes of $118,000 within three miles. It is positioned within a strong retail trade area that includes Whole Foods, Walmart Supercenter, The Home Depot, Sam’s Club, Raising Cane’s, Chick-fil-A, McDonald’s, Bank of America, Panera Bread, and many others.

  • Located in Colorado Springs, the 2nd most populous city in Colorado 
  • Long term 10-year lease 
  • Absolute triple net lease with no landlord responsibilities 
  • Rare corporate location owned and operated by Gina & Jason Rivera, the founders of Phenix Salon Suites 
  • Phenix Salon Suites is the leading salon suite company with 336 current locations and an additional 103 locations expected to open in the next 12 months both internationally and in the U.S. 
  • Original and flagship Phenix Salon Suites, originally opened in 2003 in a shopping center across the street and relocated to this property in 2015 due to need for additional space 
  • Upgraded high-end construction featuring significant storefront glass, stone accents, and contemporary four-sided architecture 
  • Fixed rental increases every five years during the primary term and options 
  • Affluent surrounding area with average household incomes of $118,000 within three miles 
  • Positioned within a strong retail trade area that includes Whole Foods, Walmart Supercenter, The Home Depot, Sam’s Club, Raising Cane’s, Chick-fil-A, McDonald’s, Bank of America, Panera Bread, and many others 
  • Immediate proximity to the U.S. Air Force Academy with 4,307 students and 1 million visitors annually 
  • Phenix Salon Suites was recently ranked #75 in Entrepreneur Magazine’s “Franchisee 500” list, marking the ninth year in a row Phenix Salon Suites has made the list

OFFERING SUMMARY

Price: $2,920,000
Cap Rate: 5.00%

Building SF: 7,173 SF
Land Size:
1.23 AC

INVESTMENT CONTACT

BRANDON GAYESKI
Director
Investment Sales
720.966.1627
Brandon@BlueWestCapital.com

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2022-09-07T10:12:23-07:00
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