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25691 Smotherman Rd 1,198 SF Retail Condo Unit Offered at $1,025,723 CAD in Frisco, TX 75033
Investment Highlights
- Tenant Massage/Spa (exclusive)
- Pro. CAP (2032) 6.6%
- Lease Term 10 Year (2033)
Executive Summary
Strong demographic growth in Frisco, Medical / wellness retail demand continues to expand, Inflation-protected income via annual escalations, Limited inventory of road-front retail condos available, Below replacement cost investment opportunity.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Total Building Size | 18,072 SF | Typical Floor Size | 18,072 SF |
| Property Type | Retail (Condo) | Year Built | 2022 |
| Property Subtype | Storefront | Lot Size | 1.13 AC |
| Building Class | B | Parking Ratio | 1.94/1,000 SF |
| Floors | 1 | ||
| Zoning | Commercial - Restaurant / Retail / Professional & Medical Office | ||
| Total Building Size | 18,072 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 18,072 SF |
| Year Built | 2022 |
| Lot Size | 1.13 AC |
| Parking Ratio | 1.94/1,000 SF |
| Zoning | Commercial - Restaurant / Retail / Professional & Medical Office |
Amenities
- 24 Hour Access
- Signage
1 Unit Available
Unit 160
| Unit Size | 1,198 SF | Sale Type | Investment |
| Price | $1,025,723 CAD | Cap Rate | 5.40% |
| Price Per SF | $856.20 CAD | NOI | $55,389.02 CAD |
| Condo Use | Retail |
| Unit Size | 1,198 SF |
| Price | $1,025,723 CAD |
| Price Per SF | $856.20 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| NOI | $55,389.02 CAD |
Description
1,198 SF Retail Condo; Fully built-out for Spa / Massage Business; Professional interior finish-out; Excellent frontage & signage exposure; Ample shared parking; Low-maintenance retail asset
Sale Notes
Rare opportunity to own a road-front retail condo in one of the fastest-growing and most affluent markets in North Texas. Positioned for strong visibility and long-term appreciation. Exclusive right to operate a massage business within the plaza, Protects tenant revenue and long-term stability; Competitive moat within the center. Current 10-Year NNN Lease; Lease expiration: 2033; Established massage operator in place; Minimal landlord responsibilities. True
passive income structure. Offered at 5.4% CAP Rate, 3% Annual Rental Increases, Projected to reach approximately 6.6% CAP Rate by year-end (based on escalations), Long-term stable cash flow, Ideal for 1031 exchange or passive investors. Strong demographic growth in Frisco, Medical / wellness retail demand continues to expand, Inflation-protected income via annual
escalations, Limited inventory of road-front retail condos available, Below replacement cost investment opportunity
Nearby Major Retailers
Presented by
25691 Smotherman Rd
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