Road-Front Retail Condo
25691 Smotherman Road, Little Elm, TX 75034
- Added:
- Mar 4, 2026
- Days on Market:
- 91
- Last Refresh:
- Jun 3 at 12:06 am
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
- Central, Electric (Heating)
- Cooling system
- Ceiling Fan(s), Central Air, ENERGY STAR Qualified Equipment, Electric
- 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 agent Robert Han License #0619322 (972) 200-0853
Listing office Golden Realty Allen, TX (214) 888-3876
Listing date Mar 4, 2026
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.
HighLights
- 1,198 SF road‑front retail condo (Unit 160) at 25691 Smotherman Rd with exclusive right to operate a massage business within the plaza
- Leased under a 10‑year NNN lease to an established massage operator through 2033
- 3% annual rent increases under the lease
- Offered with a 5.4% CAP rate; projected to increase to about a 6.6% CAP by year‑end
- Property built in 2022 with brick, rock, stone, and stone veneer construction
- Flat concrete roof; public water and public sewer; parking lot on‑site
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Map
- City
- Little Elm
- County
- Denton
- State
- Texas
- Longitude
- -96.882884
- Latitude
- 33.163194
Nearby Similar for Sale
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 with exclusive right to operate a massage business within the plaza; Leased under a 10‑year NNN lease to an established massage operator through 2033; 3% annual rent increases under the lease
