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25691 Smotherman Rd 1,198 SF Retail Condo Unit Offered at $1,042,702 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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 5.40% |
| Sale Type | Investment |
| Cap Rate | 5.40% |
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
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
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 160 | 1,198 SF | Retail | $1,042,702 CAD ($870.37 CAD/SF) | $56,305.93 CAD |
Unit 160
| Unit Size |
| 1,198 SF |
| Condo Use |
| Retail |
| Price |
| $1,042,702 CAD ($870.37 CAD/SF) |
| NOI |
| $56,305.93 CAD |
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Unit 160
| Unit Size | 1,198 SF |
| Condo Use | Retail |
| Price | $1,042,702 CAD ($870.37 CAD/SF) |
| NOI | $56,305.93 CAD |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| 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</li></ul> | |
| 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 <br> 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<br> escalations, Limited inventory of road-front retail condos available, Below replacement cost investment opportunity</li></ul> |
Property Facts
The following property facts apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 11,730 SF | Typical Floor Size | 11,730 SF |
| Property Type | Retail (Condo) | Year Built | 2022 |
| Property Subtype | Storefront Retail/Office | Lot Size | 3.14 AC |
| Building Class | B | Parking Ratio | 8.27/1,000 SF |
| Floors | 1 | ||
| Zoning | Commercial - Restaurant / Retail / Professional & Medical Office | ||
| Total Building Size | 11,730 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 11,730 SF |
| Year Built | 2022 |
| Lot Size | 3.14 AC |
| Parking Ratio | 8.27/1,000 SF |
| Zoning | Commercial - Restaurant / Retail / Professional & Medical Office |
Fairly walkable
50/100
Exceptionally drivable
100/100
Moderately bikeable
60/100
Nearby Major Retailers
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25691 Smotherman Rd
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