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425 W Gibson St
Jasper, TX 75951
Ashley Furniture · Retail Property For Sale
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 +/-2.44 Acres
- Double Net Lease With Minimal Landlord Responsibilities | 5% Rental Increases Every 5 Years and in Each of Three, 5-Year Renewal Options
- High Visibility Along US-190/W Gibson Street With 18,700+ Vehicles Per Day
- In 2023-24, Landlord and Tenant Collectively Invested Approximately $250,000 for Building Renovations and Replaced a Portion of the Roof
- Excellent Location: Located Along a Dense Retail Corridor Leading into Downtown Japser
- Easy Access From Both Traffic Directions Near a Signalized Intersection with a Center Turn Lane
EXECUTIVE SUMMARY
34,542-SF Retail on 2.44 Lot | $250,000 in Recent Exterior and Interior Renovations
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
34,452 SF
Building Class
C
Year Built/Renovated
1996/2023
Price
$2,575,000
Price Per SF
$74.74
Cap Rate
7.30%
NOI
$188,000
Tenancy
Single
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.32
Lot Size
2.44 AC
Opportunity Zone
Yes
Zoning
none
Parking
25 Spaces (0.73 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Freeway Visibility
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 000008053300 | Improvements Assessment | $1,322,926 |
| Land Assessment | $195,798 | Total Assessment | $1,518,724 |
PROPERTY TAXES
Parcel Number
000008053300
Land Assessment
$195,798
Improvements Assessment
$1,322,926
Total Assessment
$1,518,724
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