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3/22/16
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Phenix Salon Suites, the fastest growing ‘Salon Suites’ concept in the United States, recently inked a lease for a new 7k sf location in Santa Ana. The 15-year, $3.76 mil ($2.98/sf/mo) deal is within a newly constructed, single-tenant retail building.
Located at 1975 E. 17th St, Colorado Springs, CO-based Phenix’ new store is adjacent to Hobby Lobby and several quick serve restaurants including Chipotle and Which Wich. It is set to open in September 2016.
The site is well-located in the heart of Orange County and offers easy access to the 55 Freeway. There are more than 280,000 people within a three-mile radius and a daytime population of more than 26,000 employees within a one-mile radius.
The landlord is an entity of Red Mountain Retail Group. Randee Stratton with NGKF represented Phenix Salon Suites. This transaction marks Stratton’s 40th lease she has completed on behalf of Phenix throughout the state of California over the past four years.
Phenix currently has more than 200 locations nationwide. The company’s concept is to attract stylists from other nearby salons who can lease a suite within the premises, bringing their own book of business and their preferred hours of operation for their clients.
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