This location is a long-standing, stable, cashflow-positive space with an optimized floor plan and clear opportunities for growth and rebranding by a new company. The business is turnkey and comes with the FF&E, staffing, policies, and customer base already in place. Add your brand to the building and repaint the walls, and you’ve got a successful new outpost in the Pacific Northwest for minimal effort.
While the business has brought in stable rent and revenue for the past 12 years, the business owner also owns the building and is looking to sell the business to a well-qualified buyer, ideally one with an existing executive suites business they can add this location to. The lease is at market rate with ~7 years remaining with extensions, and has an unused 100K in TI budget for the new owner.