1661 S University Dr - Retail FOR SALE


Fort Worth, TX 76107- Clearfork
$8,181,000 USD
214-335-4068
1661 S University Dr, Fort Worth, TX for Sale
$8,181,000 USD
Retail - FOR SALE
1/9
null | 5.5% Cap Rate

1661 S University Dr
Fort Worth, TX 76107
Clearfork


HIGHLIGHTS

  • Zero Landlord Responsibility Brand New 15-Year Absolute Net Lease within Top Retail Destination of Fort Worth, TX
  • Diamonds Direct Corporate Lease with Annual Reported Revenue in Excess of $446,000,000 When Acquired by Signet Jewelers
  • 2025 Construction Freestanding Asset Situated on +/-0.80 Acres Adjacent to Prestigious Westbend Mixed Use Asset
  • Fort Worth is Ranked as 12th Largest City in United States and 4th Largest in Texas; Dubbed Fastest Growing Big City (Census Bureau)
  • Average Household Income Exceeds $130,700 & $112,480 in a One & Three Mile Radius, Respectively
  • Favorable Visibility to University Drive, Brand New Improvements & Exceptional Finish Out

OVERVIEW

Diamonds Direct opened April 2025 with a brand new construction absolute net ground leased single tenant asset located across from the prestigious open air University Park Village Lifestyle Center and moments from Texas Christian University in Fort Worth, Texas. Situated approximately 5 minutes south of Downtown Fort Worth and within the exciting West Bend mixed use development that includes Warby Parker, Shake Shack, Tyler's, Dry Bar, Ascension Coffee and Bluemercury among others. Built in 2025, Diamonds Direct signed a 15-year absolute net lease with 10% rent escalations every 5-years through January 2040 with three, 5-year renewal options. In 2021, Diamonds Direct was acquired by Signet Jewelers, operators of Kay Jewelers and Zale’s. Signet Jewelers (NYSE: SIG) reportedly generated $6.70 billion in revenue for 2024, with $750MM of which contributed by Diamonds Direct. The Property features zero landlord responsibilities, favorable visibility to University Drive, brand new improvements and exceptional finish out. Diamonds Direct benefits from favorable demographics in which the average household income exceeds $130,700 and $112,480 in a one and three mile radius, respectively. Nearby national retailers include Lululemon, Apple, Williams Sanoma, Pottery Barn, Chase Bank, GAP, Chico’s, Staples, Altar’d State, Madewell and Eatzi’s among others.

FOR SALE DETAILS

PRICE

$8,181,000 USD

PRICE/SF

$1,482 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Diamonds Direct Ground Lease

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

-

APN/PARCEL ID

06862438

ASK ABOUT THIS PROPERTY

Tommy TuckerSHOP CompaniesMore Info
214-335-4068

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Tommy TuckerSHOP CompaniesMore Info
214-335-4068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.