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Ashley Furniture Home Store 425 W Gibson St 34,452 SF Retail Building Jasper, TX 75951 $4,006,741 CAD ($116.30 CAD/SF) 7% Cap Rate
Executive Summary
This is a 6 year Franchise guaranteed lease with Ashley’s Home Furniture. This is a passive investment, as Ashleys executed an NN lease offering minimal landlord responsibilities or expenses. There are 5% rental increases every 5 years with the next bump coming on November 1st, 2027 in the base term of the lease and in each of the 3, five-year options to renew.
The property is located along W Gibson Street (US-190) in Jasper, Texas, benefiting from strong visibility and accessibility in the city’s primary retail corridor. The subject property is strategically positioned near major regional thoroughfares and serves as a key commercial destination for the surrounding trade area. The site benefits from consistent traffic flow generated by local residents, regional commuters, and travelers passing through East Texas. Additionally, the property is located within the Beaumont–Port Arthur DMA, providing access to the broader Southeast Texas media market.
The property is offered at $2,820,000 which translates to a 7.00% cap rate.
Property Facts
Amenities
- Freeway Visibility
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- -
Ashley began in 1945 as a sales organization founded by Carlyle Weinberger, and the business later merged with Arcadia Furniture in the 1970s to form Ashley Furniture Industries. Ashley grew into a home furnishings company with a broad mix of manufacturing, distribution, and retail operations. The company offers products across living room, bedroom, dining room, home office, outdoor, and mattress categories, serving customers through Ashley HomeStore locations and digital channels. Ashley also maintains community, sustainability, and medical-research initiatives as part of its broader business and social-impact work.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
|
Retailer | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 000008053300 | Improvements Assessment | $1,879,653 CAD |
| Land Assessment | $278,196 CAD | Total Assessment | $2,157,849 CAD |
Property Taxes
Presented by
Ashley Furniture Home Store | 425 W Gibson St
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