25691 Smotherman Rd Unit 160, Little Elm, TX 75034
- $750,000
- List Price
- $750,000
- MLS#
- 21192377
- Status
- ACTIVE
- Type
- Commercial
- Subtype
- CommercialSale
- Year Built
- 2022
- Construction Status
- Preowned
- Acres
- 3.05
- County
- Denton
- City
- Little Elm
- Subdivision
- Lotus shopping center
Property Description
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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Additional Information
- Unexempt Taxes
- $8,641
- Lot Size
- 132,858
- Acres
- 3.05
- Flooring
- Tile, Hardwood
- Foundation
- Slab
- Roof
- Concrete, Flat
- Building Stories
- 1
- Parking Garage
- Paved, Parking Lot
- Possession
- ClosePlus30To60Days
- Proposed Use
- Food Service, Medical/Dental, Office, Place Of Worship, Restaurant, Retail
- Inclusions
- Building Only
- Possession
- ClosePlus30To60Days
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Listing courtesy of Robert Han from Golden Realty. Contact: 214-888-3876