25691 Smotherman RD #160, Little Elm, TX 75034
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25691 Smotherman RD #160, Little Elm, TX 75034
25691 Smotherman RD #160, Little Elm, TX 75034
25691 Smotherman RD #160, Little Elm, TX 75034
25691 Smotherman RD #160, Little Elm, TX 75034
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OnDemand Realty Commercial

OnDemand Realty Commercial

+1(214) 766-5833
$ 750,000
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25691 Smotherman RD #160 Little Elm, TX 75034

1,198 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 1,198 sqft

Price per Sqft $626

Subdivision Lotus Shopping Center

MLS Listing ID 21192377

HOA Y/N No

Year Built 2022

Annual Tax Amount $8,641

Lot Size 3.050 Acres

Acres 3.05

Property Sub-Type Retail

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.

Location

State TX

County Denton

Zoning LC

Direction google map; on northeast corner of FM 423 and Smotherman rd

Interior

Heating Central, Electric

Cooling Central Air, Ceiling Fan(s), Electric, ENERGY STAR Qualified Equipment

Flooring Ceramic Tile, Hardwood

Inclusions Building Only

Fireplace No

Exterior

Parking Features Concrete, Parking Lot

Utilities Available Electricity Connected, Sewer Available, Water Available

Water Access Desc Public

Roof Type Concrete,Flat

Road Frontage City Street

Private Pool No

Building

Story 1

Foundation Slab

Sewer Public Sewer

Water Public

Others

Tax ID R1012790

Security Features Security System Owned,Security System,Carbon Monoxide Detector(s),Fire Alarm,Fire Sprinkler System

Acceptable Financing Assumable, Cash, Conventional, 1031 Exchange

Listing Terms Assumable, Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21192377

OnDemand Realty Commercial

OnDemand Realty Commercial

License ID: 0674395

+1(214) 766-5833

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25691 Smotherman RD #160