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.
| MLS # | 21192377 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Active |
| Year | 2022 |
| Days On Site | 182 |
| Listing Provided By | Golden Realty | Robert Han |
| SQ Feet | 1,198 |
|---|---|
| Story(s) | 1 |
| Zoning | LC |
| Acreage | 3.05 |
| Cooling | Ceiling Fan(s), Central Air, Electric, ENERGY STAR Qualified Equipment |
|---|---|
| Heating | Central, Electric |
| Roof | Concrete, Flat |
|---|---|
| Security Features | Burglar, Carbon Monoxide Detector(s), Fire Alarm, Fire Sprinkler System, Security System Owned |
| Construction Materials | Brick, Rock/Stone, Stone Veneer |
| Foundation Details | Slab |
| Parking Features | Concrete, Parking Lot |
|---|
| Utilities | City Sewer, City Water, Electricity Connected |
|---|
| Unexempt Taxes | 8641 |
|---|---|
| Tax Legal Description | LOTUS SHOPPING CENTER UNT 160 PLUS 6.65 % INT |
| State | TX |
|---|---|
| County | Denton |
| City | Little Elm |
| Zip Code | 75034 |
| Area | Denton |
| Community Name | Lotus shopping center |
| Listing VS Median (in Lotus shopping center) | |
Price: $750,000 low | high Med: $750,000 sqft: 1,198 low | high Med: 1,198 $ / sqft: $626 low | high Med: $626 On site: 182 low | high Med: 182 | |
| State | TX |
|---|---|
| County | Denton |
| City | Little Elm |
| Zip Code | 75034 |
| Area | Denton |
| Community Name | Lotus shopping center |
| Listing VS Median (in Lotus shopping center) | |
Price: $750,000 low | high Med: $750,000 sqft: 1,198 low | high Med: 1,198 $ / sqft: $626 low | high Med: $626 On site: 182 low | high Med: 182 | |