Department Store
Ashley Furniture | Jasper, TX
425 W Gibson St, Jasper, TX 75951
Listing Price: $2,575,000
Cap Rate
7.30%
Tenant Name
Ashley Furniture
Years Remaining On Lease
7.5
Guarantor
Corporate Guarantee
Rentable SF
34,452
Lease Type
Double Net
Rent Per Square Feet
$5.46
Investment Overview
Marcus & Millichap is pleased to bring to market the offering for Ashley Furniture in Jasper, TX.
Ashley Furniture | Jasper, TX
Investment Highlights
- 1996 Build-to-Suit for Ashley | Exterior and Interior Renovations in 2023 to Align With New Company Branding | 34,542-SF Building on a +/-2.44 Acre Parcel
- In 2023-24, Landlord and Tenant Collectively Invested Approximately $250,000 for Building Renovations and Replaced a Portion of the Roof, Which is Covered By a Transferable Warranty
- Double Net Lease With Minimal Landlord Responsibilities | 5% Rental Increases Every 5 Years and in Each of Three, 5-Year Renewal Options
- Excellent Location: Located Along a Dense Retail Corridor Leading into Downtown Japser | High Visibility Along US-190/W Gibson Street With 18,700+ Vehicles Per Day
- Easy Access From Both Traffic Directions Near a Signalized Intersection with a Center Turn Lane | Proximity to Multiple National Tenants Including Walmart Supercenter, Lowe's, Tractor Supply, Harbor Freight, McDonald's, Whataburger, Taco Bell, Sonic, Holiday Inn, Best Western, AT&T, Walgreens, AutoZone and More
- Adjacent to Christus Health Jasper Memorial Hospital | 1.5 Miles From Downtown Japser and 16 Miles From Steinhagen Lake, a Popular Recreation Area
- Stable Demographics: Population Has Seen Sustained Growth Since 2000 and is Projected to Continue Increasing by 2028
- Jasper is the County Seat of Jasper County, 70 Miles From Beaumont, Texas and 115 Miles From Downtown Houston
Listing Price: $2,575,000
Cap Rate
7.30%
Tenant Name
Ashley Furniture
Years Remaining On Lease
7.5
Guarantor
Corporate Guarantee
Rentable SF
34,452
Lease Type
Double Net
Rent Per Square Feet
$5.46
Investment Highlights
- 1996 Build-to-Suit for Ashley | Exterior and Interior Renovations in 2023 to Align With New Company Branding | 34,542-SF Building on a +/-2.44 Acre Parcel
- In 2023-24, Landlord and Tenant Collectively Invested Approximately $250,000 for Building Renovations and Replaced a Portion of the Roof, Which is Covered By a Transferable Warranty
- Double Net Lease With Minimal Landlord Responsibilities | 5% Rental Increases Every 5 Years and in Each of Three, 5-Year Renewal Options
- Excellent Location: Located Along a Dense Retail Corridor Leading into Downtown Japser | High Visibility Along US-190/W Gibson Street With 18,700+ Vehicles Per Day
- Easy Access From Both Traffic Directions Near a Signalized Intersection with a Center Turn Lane | Proximity to Multiple National Tenants Including Walmart Supercenter, Lowe's, Tractor Supply, Harbor Freight, McDonald's, Whataburger, Taco Bell, Sonic, Holiday Inn, Best Western, AT&T, Walgreens, AutoZone and More
- Adjacent to Christus Health Jasper Memorial Hospital | 1.5 Miles From Downtown Japser and 16 Miles From Steinhagen Lake, a Popular Recreation Area
- Stable Demographics: Population Has Seen Sustained Growth Since 2000 and is Projected to Continue Increasing by 2028
- Jasper is the County Seat of Jasper County, 70 Miles From Beaumont, Texas and 115 Miles From Downtown Houston
Investment Overview
Marcus & Millichap is pleased to bring to market the offering for Ashley Furniture in Jasper, TX.
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