Retail Condo with Spa
25691 Smotherman Road #160, Little Elm, TX 75034
For Sale
New
$750,000
An active 10-year NNN lease includes 3% annual rent increases and exclusive plaza rights for massage use.
Property Size1,198 SF
Price / SF$626.04
Days on Market3
Property Features for 25691 Smotherman Road #160
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Cap Rate
Tenant in Place
Building Details
Building Size
Year Built
Stories
Units
Tenancy
Listing Agency:
Golden Realty
(214) 888-3876
Listed By:
Robert Han · License #0619322
(214) 215-6893
Source:
Bsare
Added: Nov 5
Changed: Nov 6
Last Checked: Nov 6 at 8:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Golden Realty
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Investment Insights
Based on property information with market context.
This 1,198-square-foot retail condo was built in 2022 and is configured for spa and massage use. Zoning is LC. The unit carries an exclusive right to operate a massage business within the plaza.
A 10-year NNN lease runs through 2033 and includes annual rent increases of 3%. The property is offered at a 5.4% cap rate; projected escalations are stated to bring the cap rate to approximately 6.6% by year-end.
A 10-year NNN lease runs through 2033 and includes annual rent increases of 3%. The property is offered at a 5.4% cap rate; projected escalations are stated to bring the cap rate to approximately 6.6% by year-end.
Key Highlights
- 1,198‑square‑foot retail condo built in 2022
- Spa and massage build‑out with exclusive plaza rights for massage operations
- 10‑year NNN lease through 2033
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,048
Businesses Nearby
Explore this area
Business Placement
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
$679,500
Median Home Value
Market
Average Price Trend$/SF for Retail space in Collin County, TX
Properties on Market for Retail space in Collin County
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - An active 10-year NNN lease includes 3% annual rent increases and exclusive plaza rights for massage use.
Where is this retail space located?
The property is located at 25691 Smotherman Road #160 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‑square‑foot retail condo built in 2022; Spa and massage build‑out with exclusive plaza rights for massage operations; 10‑year NNN lease through 2033
