6601 and 6609 Precinct Line Rd 2 Retail Properties Offered at $3,293,960 in North Richland Hills, TX
INVESTMENT HIGHLIGHTS
- Prime Location: High traffic area along Precinct Rd. (Traffic Volume 28,625) in North Richland Hills.
- Stylish Office: Built with a modern, comfortable and private environment.
- Well-Maintained: The building is in excellent condition with modern renovations and upgrades.
- Diverse Tenant Base: The suites are home to a variety of tenants including hairstylist, nail techs, estheticians and other beauty professionals.
- Attractive Leasing Opportunity: Multi-tenant with short-term leases, allows dynamic repricing.
- Low Turnover and High renewal rate: 62% of tenants have had a lease for more than 5 years.
EXECUTIVE SUMMARY
The Amis & Elements Salon Suites 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: $3,293,960
-CAP Rate: 7.5%
-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 HOA
Two free standing properties (only selling as a portfolio):
-For Sale: $3,293,960
-CAP Rate: 7.5%
-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 HOA
TAXES & OPERATING EXPENSES (PRO FORMA - 2025) |
ANNUAL |
|---|---|
| Gross Rental Income |
$405,117
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$405,117
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$158,070
|
| Net Operating Income |
$247,047
|
PROPERTY FACTS
| Price | $3,293,960 |
| Price / SF | $411.28 / SF |
| Cap Rate | 7.50% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 8,009 SF |
| Total Land Area | 0.92 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 6601 Precinct Line Rd, North Richland Hills, TX 76182 | Retail | 4,746 SF | 2011 | - |
| 6609 Precinct Line Rd, North Richland Hills, TX 76182 | Retail | 3,263 SF | 2011 | - |
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