Vummidi Bangaru Jewellers
Vummidi Bangaru Jewellers is a 7,000 square foot single-tenant net leased jewelry asset located in the affluent, high-growth northern Dallas submarket of Frisco, Texas. Constructed in 2021, the Property is positioned off the highly trafficked intersection of Stonebrook Parkway and Dallas North Tollway, minutes north of TX-121 (Sam Rayburn Tollway) and south of Highway 380, two major DFW thoroughfares. Founded in 1900 in Chennai, India, Vummidi Bangaru Jewellers is an award-winning international high-end jewelry brand with a long-standing legacy of quality and craftsmanship. The tenant has a strong international presence both in e-commerce and bricks-and-mortar with multiple stores locations in India with further expansion into the USA and internationally. The Property will be the tenants first physical store in the US, after recently signing a new 10-year lease with two, 5-year renewal options and 2% annual rent increases throughout the primary lease term.