Healthcare

HairClub Restoration & Treatment Center

1266 Andes Blvd, St. Louis, MO, 63132-1702, US

HairClub Restoration & Treatment Center_Property for Sale

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HairClub Restoration & Treatment Center 2_Property for Sale

Asset description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to offer the Hans Wiemann Hair Restoration and Treatment Center Sale-Leaseback. Upon closing, the Asset will be 100% long-term leased to Hair Club for Men, LLC (dba HairClub), a major operating subsidiary of multinational hair care provider Aderans Co. Ltd. (the “Guarantor”), whose established brands include HairClub®, Bosley®, Fontaine®, and Aderans®.


This offering presents the opportunity to acquire a well-established medical office 100% leased to one of the world’s top-ranked hair treatment care brands located in a growing suburb only 12 miles west of downtown St. Louis.

Attributes

Asking Price
$3,127,000
Building area gross
12,160 sf
Occupancy
100.00%
Year built
1967
Land area Gross
0.70 acres (30,492 sf)

Investment highlights

  • 15-year absolute NNN lease with zero landlord responsibilities and 2.0% annual rent escalations
  • Industry-leading hair care operator boasting $168+ million of revenue in 2021
  • 100% guaranteed by global hair solutions conglomerate, Aderans Co. Ltd.
  • Long-standing hair care provider with deep roots in St. Louis for 55+ years
  • Expansive real estate footprint totaling 120+ facilities throughout North America
  • Dense St. Louis medical office market and among the largest in the Midwest
  • Outstanding infill location containing 266,000+ residents boasting an average HH income over $108,000 (five-mile radius)
  • Situated in a dense retail and industrial corridor with traffic counts of over 15,200 VPD
HairClub Restoration & Treatment Center 4_Property for Sale
HairClub Restoration & Treatment Center 4_Property for Sale

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Last updated
Dec 6, 2022