Anyone here in the commercial “cosmetic” space
Good morning.
I am a residential buy and hold investor but have been approached about partnering on a commercial “cosmetic” building. Essentially a bunch of small office spaces, very minimal furnishings, low maintenance type of units where individuals have clients come to get cosmetology type work done. Hair, make up, waxing, eyebrows, etc....
Admittedly, I am unfamiliar in this space but it appeals to me for a few reasons. Seeming low maintenance. Tenant is responsible for pretty much everything in unit besides lighting and water. No/very little landscaping. Growing industry. Turning over units would require very little work/money.
Concerns: not recession proof at all....
Anyways, if you’re in this space I would love to hear some feedback and maybe be made aware of some of the things I have missed.
Thanks so much!