25691 Smotherman Rd |
|
| Price: | $750,000 |
| Property Type: | commercial_industrial |
| MLS #: | 21192377 |
| 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. | |
| Area: | Denton |
| Year Built: | 2022 |
| Bedrooms: | None |
| Bathrooms: | None |
| Acres: | 3.05 |
| Virtual Tour: | Click here to view |
Courtesy: Robert Han • Golden Realty • 
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