To receive the full Confidential Offering Memorandum and data room access, please sign the attached NDA and email the listing broker. Belle Vie Salon Studios is a three-location salon-suite portfolio in Phoenix's fast-growing Southeast Valley — 80 purpose-built studios across Chandler, West Chandler, and Ahwatukee. The model is simple and asset-light: hold one NNN master lease per building, build out boutique studios, and sublease them to independent beauty professionals.
Master-lease costs are fixed, so every additional suite filled flows at near-100% margin. The numbers: in-place NOI of $193,705 and contracted run-rate NOI of $232,793 already under executed subleases, on annualized revenue of roughly $917,000. The anchor Chandler location is 100% occupied at a 25%+ margin.
Filling the remaining vacant suites at proven in-building rents lifts stabilized NOI to approximately $325,054. Built for a hands-off owner: no employees, no inventory. Long-dated master leases with multiple five-year renewal options offer 20+ years of potential tenure, and the Ahwatukee lease transfers to a like operator without landlord consent.
Execute the NDA to access the full data room — master leases, suite-level rent rolls, CPA-prepared P&L (2024 through Q1–Q2 2026), and operating documentation. Site tours by appointment. Seller provides 30-day post-close transition support.