About 25691 Smotherman Road 160
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.
Features of 25691 Smotherman Road 160
| MLS® # | 21192377 |
|---|---|
| Price | $750,000 |
| Bathrooms | 0.00 |
| Acres | 3.05 |
| Year Built | 2022 |
| Type | Commercial Sale |
| Sub-Type | Retail |
| Status | Active |
Community Information
| Address | 25691 Smotherman Road 160 |
|---|---|
| Subdivision | Lotus shopping center |
| City | Little Elm |
| County | Denton |
| State | TX |
| Zip Code | 75034 |
Amenities
| Utilities | City Sewer, City Water, Electricity Connected |
|---|---|
| Garages | Concrete, Parking Lot |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Heating | Central, Electric |
|---|---|
| Fireplace | No |
| # of Stories | 1 |
| Stories | 1 |
Exterior
| Roof | Flat, Concrete |
|---|---|
| Construction | Brick, Rock/Stone, Stone Veneer |
| Foundation | Slab |
Additional Information
| Flooring | Ceramic Tile, Hardwood |
|---|---|
| Net Income | $40,374 |
| Building Sqft | 1,198 |
| # Units | 1 |
| Building Use | Bar/Taverns, Beauty/Barber, Church, Food Service, Medical, Office, Restaurant, Retail |
| Commercial Features | Bar/Taverns, Beauty/Barber, Church, Food Service, Medical, Office, Restaurant, Retail |
| Zoning | LC |
Listing Details
| Agent | Robert Han |
|---|---|
| Office | Golden Realty |
| Contact Info | 214-888-3876 |