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Ashley Furniture Home Store 425 W Gibson St 34,452 SF Retail Building Jasper, TX 75951 $2,820,000 ($81.85/SF) 7% Cap Rate
Executive Summary
Colliers is pleased to offer the opportunity to purchase a Ashley’s Home Furniture located at 425 W. Gibson Jasper, TX 75951
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.
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
34,452 SF
Building Class
C
Year Built
1996
Price
$2,820,000
Price Per SF
$81.85
Cap Rate
7%
NOI
$197,400
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
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 | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
CommunityBank of Texas
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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