Road-Front Retail Condo
25691 Smotherman Road Little Elm, TX 75034
25691 Smotherman Road, Little Elm, TX, 75034
$750,000
For Sale
$750,000
SINGLE_FAMILY - Little Elm, TX
Property Size1,198 SF
Lot Size3.05 Acres
Price / SF$626.04
Days on Market136
Property Features for 25691 Smotherman Road
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- Parking Lot
- Security features
- Security
- 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
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- ENERGY STAR Qualified Equipment, Electric, Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Tile, Hardwood
- Building materials
- Brick, Rock, Stone, StoneVeneer
- Roof type
- Flat, Concrete
Listing Agency
Golden Realty
(214) 888-3876
Allen, TX
Listed by
Robert Han · License #0619322
(972) 200-0853
Added: Mar 4 Checked: Jul 18 at 6:06 pm
MLS# 21192377
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Investment Insights
Based on property information with market context.
Located at 25691 Smotherman Road in Unit 160, this road-front retail condo offers 1,198 SF of dedicated space within a retail plaza. The unit is fully built out for a spa and massage concept, and it includes the exclusive right to operate a massage business within the plaza. The asset is leased under a 10-year NNN structure to an established massage operator, with lease term extending through 2033. Rent includes 3% annual increases designed to provide income growth over time.
The property is described as highly visible with strong road frontage and ample parking, positioning it well for continued tenant demand in the surrounding area. It is located in Little Elm, TX within Denton County, at a notable address on Smotherman Road, where limited availability of retail condos adds to the investment appeal.
For investors and 1031 exchange buyers, this offering is structured for stability and reduced day-to-day landlord involvement, supported by the long-term NNN lease and the unit’s operational build-out. The reported 5.4% CAP rate with projected increases to approximately 6.6% by year-end reflects the contract rent escalations. Overall, it presents a targeted opportunity for those seeking a lease-backed retail asset with built-in growth.
The property is described as highly visible with strong road frontage and ample parking, positioning it well for continued tenant demand in the surrounding area. It is located in Little Elm, TX within Denton County, at a notable address on Smotherman Road, where limited availability of retail condos adds to the investment appeal.
For investors and 1031 exchange buyers, this offering is structured for stability and reduced day-to-day landlord involvement, supported by the long-term NNN lease and the unit’s operational build-out. The reported 5.4% CAP rate with projected increases to approximately 6.6% by year-end reflects the contract rent escalations. Overall, it presents a targeted opportunity for those seeking a lease-backed retail asset with built-in growth.
Key Highlights
- 1,198 SF road‑front retail condo (Unit 160) at 25691 Smotherman Rd, leased to an established massage operator under a 10‑year NNN lease
- Lease term through 2033 with 3% annual rent increases, supporting built‑in income growth
- Fully built‑out for a spa/massage business and includes the exclusive right to operate a massage business within the plaza
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Leased road-front retail condo with a long-term NNN lease through 2033 and built-in rent escalations.
Where is this retail space 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: 1,198 SF road‑front retail condo (Unit 160) at 25691 Smotherman Rd, leased to an established massage operator under a 10‑year NNN lease; Lease term through 2033 with 3% annual rent increases, supporting built‑in income growth; Fully built‑out for a spa/massage business and includes the exclusive right to operate a massage business within the plaza
