Listed by SRS National Net Lease Group
Unpriced
Vummidi Bangaru Jewellers | Frisco, TX
Details
APN 2758995
Property Type Retail
Square Footage 7,000
Units 1
NOI $315,709
Occupancy 100%
Tenancy Single
Brand/Tenant Vummidi Bangaru Jewellers
Lease Type NN+
Lease Expiration 04/30/2033
Remaining Term 6.8
Rent Bumps Yes
Lease Options 2 (5-year)
Year Built 2022
Stories 1
Acreage 1.030
Parking Spaces 45 spaces
Parking per 1,000 SqFt 6.43
Investment Type Net Lease
Lease Commencement 01/01/2023
Ground Lease No
Prime Frisco, TX Site | $175k HHI and 300k Pop in 5-Mile Radius | 2% Annual Increases
Investment highlights
New Luxury Jewelry NNN Offering | Annual Rent Increases
- Opportunity to acquire a new construction Vummidi Bangaru Jewellers located in Frisco Texas (Dallas/Fort Worth MSA)
- 2% annual rent increases provide protection against inflation
- Vummidi Bangaru Jewellers was founded in 1900 in India and is known around the world as an award-winning high-end jewelry brand
- A large reason Vummidi selected this location is due to the fact that the property backs backs up to the Frisco Police Department - enhancing security for their operation
Strategic Location | DFW MSA
- Frisco High School, situated on Stonebrook Parkway, just off the Dallas North Tollway, across the street from with approximately 2,000 students enrolled
- Just south of a newly proposed 17-acre commercial development, The Heights at Frisco, including a 60,000 SF, 115 unit hotel; medical office; and multiple retail tenants
- The Star in Frisco, 2 miles north of a 91-acre campus home to the Dallas Cowboys world headquarters and practice facility, more than 35 restaurants, shops and specialty services. The Star attracts approximately 4 million visitors annually, and is a significant draw for tourism in Frisco, with events like the Academy of Country Music Awards and Big 12 Pro Day contributing to the city’s overall tourism economy.
- Grand Park, across Dallas North Tollway from a sprawling 1,011-acre world-class urban oasis featuring 39 acres or adventure play space, a 78 acre botanic garden and nature area, a 46 acre sports park and a 37 acre nature center. Grand Park will be a major regional destination for fitness, wellness, respite and activity that celebrates the diversity of Frisco’s culture and will be larger than NYC’s Central Park.
- Universal Kids Resort, 4.5 miles south of a new 32-acre theme park and entertainment resort opening in 2026 with 7 different themed lands and a 300-room hotel
- 2 miles west of Lebanon Trail High School (~2,110 students)
- 2.5 miles west of Collin College Frisco Campus (~17,000 students)
- 3 miles north of Stonebriar Centre, a 1.7 million square foot super-regional shopping mall anchored by Macy’s, Nordstrom, JCPenney and Dillards
- The Dallas-Fort Worth metropolitan statistical area is the most populous MSA in the state of Texas and the Southern US, encompassing 11 counties, and is the economic and cultural hub of North Texas
Surrounding Corporate Headquarters Located in Frisco
- Dallas Cowboys
- Public Storage
- PGA of America
- TIAA
- T-Mobile USA
Prime Visibility & Access | Ample Parking
- Over 21,700 cars passing the site each day on Stonebrook Parkway (VPD)
- Sits at the entrance to Dallas North Tollway with over 112,600 VPD
- 2 Ingress/Egress access points & ADA compliant access options
- Robust parking ratio with 6.8 stalls per 1,000 square feet of leasable area
Robust Demographics
- Densely populated and affluent trade area with over 294,000 residents and 167,000 employees within a 5 mile radius with an average household income approximately $202,000, projected to increase to over $217,000 by 2031
Tax-Free State
- Texas is an income tax-free state
Listing Contacts
Listed by SRS National Net Lease Group
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Loan Amount
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Annual Cash Flow
$315,709.00
$26,309.08/mo
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