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Leased Spa Retail Condo
For Sale
$750,000

25691 Smotherman Road, Little Elm, TX 75034

SINGLE_FAMILY - Little Elm, TX

Property Size1,198 SF
Lot Size3.05 Acres
Price / SF$626.04
Days on Market167

Property Features for 25691 Smotherman Road

General Information

Property type Residential
Property subtype Retail
Zoning description LC
Parking features Parking Lot
Security features Security
Subdivision Lotus shopping center
Directions google map; on northeast corner of FM 423 and Smotherman rd
Standard status Active
APN R1012790
Lot size 3.05 Acres

Taxes and HOA fees

Tax Description LOTUS SHOPPING CENTER UNT 160 PLUS 6.65 % INT
Tax Annual Amount 8641
Legal Description LOTUS SHOPPING CENTER UNT 160 PLUS 6.65 % INT

Utilities

Sewer type Public Sewer
Heating system Central, Electric (Heating)
Cooling system Ceiling Fan(s), Electric, ENERGY STAR Qualified Equipment, Central Air
Water source Public

Building Details

Year built 2022
Floors in Building 1
Number of units 1
Flooring type Hardwood, Tile
Building materials Brick, Rock, Stone, StoneVeneer
Roof type Flat, Concrete
Listing Agency: Golden Realty
Listed By: Robert Han · License #0619322
Added: Mar 4 Changed: Aug 4 Last Checked: Aug 18 at 8:06AM
MLS# 21192377

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This road-front retail condo is built out for a spa and massage business and includes the exclusive right to operate a massage business within the plaza. The unit is approximately 1,198 SF and is leased under a 10-year NNN lease to an established massage operator through 2033.

The property is configured for a massage tenant, with interior finishes including hardwood and tile flooring. Parking is provided in a parking lot, and the building is served by public water and public sewer. Heating is central with electric heat, and cooling includes central air.

The lease is structured with 3% annual rent increases, supporting built-in income growth. The property was built in 2022, and the roof is described as flat with concrete construction.

Offered as a leased spa/massage retail asset with an extended lease term, it is positioned for investors seeking long-term stability through a pass-through NNN structure.

Key Highlights

  • Approximately 1,198 SF road‑front retail condo with spa and massage build‑out
  • Exclusive right to operate a massage business within the plaza
  • 10‑year NNN lease to established massage operator through 2033

Property Analytics

Current Use

Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store Butcher Grocery & Convenience Store Locksmith Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

522
Businesses Nearby
206k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 40% Groceries 38% Dining 20% Beauty & Spa 2%
Kroger Groceries
60,759 visits/mo 0.5 miles
RaceTrac Shops & Services
28,923 visits/mo 0.2 miles
QuikTrip Shops & Services
27,310 visits/mo 0.3 miles
Aldi Groceries
16,970 visits/mo 0.4 miles
Kroger Fuel Center Shops & Services
13,961 visits/mo 0.4 miles

Demographics for 75034, TX

47,734
Population
23,836
Households
2
Avg Household Size
36
Median Age
63%
College-Educated
97%
High-School Grad
15.9 sq mi
ZIP Area
3,002
Density / Sq Mi
$107,945
Median Household Income
$67,256
Median Earnings
$1,730
Median Rent
$679,500
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Spa & wellness property - Road-front spa/massage retail condo built out for operations and leased on an NNN basis through 2033.
Where is this spa & wellness property located?
The property is located at 25691 Smotherman Road Little Elm, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Approximately 1,198 SF road‑front retail condo with spa and massage build‑out; Exclusive right to operate a massage business within the plaza; 10‑year NNN lease to established massage operator through 2033
More about this property
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