25691 Smotherman Road 160, Little Elm, TX 75034
sale
$750,000
|
Retail
Courtesy Of Golden Realty, Listed By Robert Han
Rare opportunity to own a 1,198 SF road-front retail condo at 25691 Smotherman Rd, Unit 160, in one of Frisco s fastest-growing corridors. This highly visible unit is fully built-out for a spa,massage business and includes the exclusive right to operate a massage business within the plaza, creating a strong competitive advantage and long-term tenant stability. The property is leased under a 10-year NNN lease to an established massage operator through 2033, offering true passive income with minimal landlord responsibility. The lease features 3% annual rent increases, providing built-in income growth and inflation protection. Offered at a 5.4% CAP rate, with projected rent escalations increasing returns to approximately 6.6% CAP by year-end. This asset is ideal for 1031 exchange buyers or investors seeking stable cash flow in a high-demand North Texas market.Strong demographics, excellent road frontage, ample parking, and limited availability of retail condos in Frisco make this a compelling long-term investment opportunity.
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Virtual Tour
Property Features
- Age: 1-5 Years Old
- Amenities: Ceiling Fan
- Architecture Style: Other
- Cooling System: Ceiling Fan(s)
- Cooling System: Electric
- Cooling System: Central Air
- Cooling System: ENERGY STAR Qualified Equipment
- Exterior Type: Stone Veneer
- Exterior Type: Brick
- Exterior Type: Stone
- Floor Covering: Tile
- Floor Covering: Hardwood
- Floor Covering: Tile - Ceramic
- Heating System: Electric (Heating)
- Heating System: Central
- Legal Description: LOTUS SHOPPING CENTER UNT 160 PLUS 6.65 % INT
- MLSID: 21192377
- Roof Type: Flat
- Roof Type: Concrete
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