$ 750,000
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$750,000
Price -
0
Bed -
0
Bath -
1,198
SqFt
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About the Listing RHAN01C - 0619322
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.
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Ceiling Fan(s),Central Air,Electric,ENERGY STAR Qualified Equipment
- Heating: Central,Electric
- Fireplaces:
- Floor: Ceramic Tile,Hardwood
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: 3 to < 5 Acres
- Garage Capacity: N/A
- Zoning: LC
- Roof: Concrete,Flat
- Others: Preowned
- Sewer:
- Parking Features: Concrete,Parking Lot
Financial Details
- Tax Amount: $8,641
- Taxes w/Assessments: N/A
- Tax/Property ID: R1012790
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
25691 Smotherman Rd Unit 160 Little Elm, TX 75034
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