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Property profile & analytics
FOR LEASE
Strip malls

3220 Gus Thomasson Rd Mesquite, TX 75150

36,300 SF 2.93 ac lot Built 1985
Entity Owned 3-yr Hold Free & Clear
Property ID
US82-0368742
Property summary
AI-generated overview

This exceptional opportunity presents the acquisition of a well-established wig shop in Mesquite, Texas. Located at 3220 Gus Thomasson Rd, 75150, this Class B, single-story business boasts a strong reputation built on years of providing premium-quality wigs, hairpieces, and extensions to a loyal clientele. The business currently generates a Net Operating Income (NOI) of $70,000, resulting in a remarkable 93.33% capitalization rate. While the current lease expires on December 31, 2024, the asking price is $75,000, representing a price per square foot of $1,500. Pro forma projections indicate a NOI of $33,000 and a 44% capitalization rate, suggesting significant potential for growth and increased profitability under new ownership. All inventory, fixtures, and customer contacts are included in the sale, ensuring a seamless transition. The business benefits from a high-traffic location and a diverse customer base, with opportunities for expansion into new product lines, wholesale partnerships, and international markets. This turnkey operation is ideal for an owner-operator or investor seeking a profitable venture in the beauty industry. The business is situated in Dallas County, Texas.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1985
Construction TILT-UP CONCRETE
Total area 36,300 SF
Lot 2.93 ac (127,413 SF)
Zoning code Z97
APN 382180000201A0000
UPID US82-0368742
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Kelsom Clinic Medical Clinic
  • LabCorp Paternity Testing Service Medical Laboratory
  • Dr. Catherine N. Okoronkwo, MD Physician
  • Puzzle Piece Kids Physician
  • Elite Hair & Nails Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.10M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$1.10M
Owner & transaction history
Rajani Holdings Ltd · 3 yrs held
Rajani Holdings Ltd
since 2022
2 recorded transactions
2022
Price N/A
2013
Price N/A
Zoning & alternative use
Z97 · Mesquite, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage $1.5M +1.2%
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