Skip to main content

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
7.6
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.

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

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Financing By

Department Store

Ashley Furniture | Jasper, TX

Listing Price: $2,575,000

Cap Rate
7.30%
Tenant Name
Ashley Furniture
Years Remaining On Lease
7.6
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.

Exclusively Listed By

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

Financing By

MM Texture Background
MM Textured Background Lower