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4041 S Custer Rd - Florence 1,500 SF Retail Condo Unit Offered at $950,000 in McKinney, TX 75070
Executive Summary
Excellent Investment opportunity, Fully developed retail condo with 7+ year lease remaining with reupdated Spa business tenant, Beautiful, well-developed area on busy Cluster road. Neighborhood is also within walking distance to developed and under developing neighborhood families! also this condo situated between an abundance of apartments, makes property flourish in near future. Spa business owned by tenant and not for sale.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
Description
With over 90K improvements for Spa business. Built 9 rooms, front desk, rest room and utility area
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2150 | 1,500 SF | Retail | $950,000 ($633.33/SF) | $57,000 |
Unit 2150
| Unit Size |
| 1,500 SF |
| Condo Use |
| Retail |
| Price |
| $950,000 ($633.33/SF) |
| NOI |
| $57,000 |
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Unit 2150
| Unit Size | 1,500 SF |
| Condo Use | Retail |
| Price | $950,000 ($633.33/SF) |
| NOI | $57,000 |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| Description | |
| With over 90K improvements for Spa business. Built 9 rooms, front desk, rest room and utility area</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 24,000 SF | Typical Floor Size | 12,000 SF |
| Property Type | Retail (Condo) | Year Built | 2025 |
| Property Subtype | Storefront Retail/Office | Lot Size | 13.82 AC |
| Building Class | A | Parking Ratio | 5.13/1,000 SF |
| Floors | 2 | ||
| Zoning | C - Commercial, Office, Retail | ||
| Total Building Size | 24,000 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Office |
| Building Class | A |
| Floors | 2 |
| Typical Floor Size | 12,000 SF |
| Year Built | 2025 |
| Lot Size | 13.82 AC |
| Parking Ratio | 5.13/1,000 SF |
| Zoning | C - Commercial, Office, Retail |
Amenities
- Signage
- Car Charging Station
- Air Conditioning
Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| beem Light Sauna |
-
|
August 2033
|
| Venus Medical Aesthetics |
-
|
June 2034
|
Nearby Major Retailers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Rupani & Mathew LLC
4041 S Custer Rd - Florence
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