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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Listing Snapshot
Price
$750,000
Days On Site
0 Days
Bedrooms
N/A
Inside Area (SqFt)
1,198 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
3.05 Acres
Year Built
2022
MLS® Number
21192377
Status
Active
Property Tax
$8,641
HOA/Condo/Coop Fees
N/A
Sq Ft Source
Appraiser
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Recent Activity
4 hours ago
Listing updated with changes from the MLS®
9 hours ago
Listing first seen on site
General Features
Acres
3.05
Foundation
Slab
Number Of Stories
1
Parking
ConcreteParking Lot
Property Sub Type
Retail
Security
Carbon Monoxide Detector(s)Fire AlarmFire Sprinkler SystemSecurity System Owned
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
1198
Utilities
Electricity Connected
Water Source
Public
Zoning
LC
Interior Features
Cooling
Ceiling Fan(s)Central AirElectricENERGY STAR Qualified Equipment
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