Broomfield, CO - Salon Republic
$3,000,000
550 Zang Street, Broomfield, CO 80021
6
Cap Rate
180,000
NOI
Details:
Description:
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN, corporate guaranteed, Salon Republic investment property located in Broomfield, Colorado (Denver MSA). The tenant, Salon Republic recently executed a new 15-year NNN lease with
2 (5-year) options to extend, demonstrating their commitment to the site. The lease features annual 2% base rent increases throughout the initial term and each option period, hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Salon Republic is an industry-leading brand and operator of company-owned salon studio locations providing full-service amenities and on-site management support, with 40+ sites across the Western U.S., including a significant presence in California, Colorado, Texas, and Washington.
The subject property is situated within a retail center shadow-anchored by a Walmart Supercenter, a primary neighborhood retailer drawing consumer traffic to the site. Moreover, the site is within walking distance of several large-scale multifamily/apartment communities including Sunrise at Flatirons, Cortland at Coalton, and RockVue Apartments, and a Life Time Gym, providing a direct consumer base from which to draw. This strategic positioning is further enhanced by its location directly across from FlatIron Crossing, a 1.4 million square foot super-regional retail center attracting over 5.3 million annual visitors (Placer.ai), boasting anchor tenants including Dick’s Sporting Goods, Crate & Barrel, and Macy’s. Salon Republic will benefit significantly from the nearby HiFi District, a 25-acre mixed-use redevelopment of the FlatIron Crossing Mall that will introduce luxury residential, curated dining, and experiential retail opening in 2027 (currently under construction), adding a live-work-play dynamic to complement the area’s already strong retail fundamentals. The surrounding area is further reinforced by a robust office market comprising over 3 million square feet of office space and approximately 11,700 employees, along with a rapidly growing residential base of more than 4,700 multifamily units within a one-mile radius. The site also offers direct access to U.S. Highway 36 (90K+ VPD), a primary regional highway connecting the site to the Denver and Boulder metros. The 5-mile trade area is supported by more than 134,000 residents and 74,000 employees with an average household income of $153,710.
Location
Gallery
