Ashley Home Furniture - Jasper, TX
Retail | 7.00% CAP | 34,452 SqFt
Marketing description
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.
Investment highlights
- Located in the heart of Jasper, providing convenient access to local government offices, retail, and dining.
- Immediate proximity to U.S. Highway 190, offering strong east-west connectivity across the region.
- Minutes from U.S. highway 96, a major north-south corridor linking to larger markets.
- Approximately 20 miles from Kirbyville and 35 miles from Woodville, expanding the local trade area.
- Positioned about 70 miles northeast of Beaumont, a key regional economic hub.
- Within close proximity to Sam Rayburn Reservoir, a major recreational destination that drives tourism traffic.
- Located in Texas which is an income tax free state.
- 5% rental bump on November 1, 2027.
- Lower rent for a larger box.
- Franchise Guarantee
- Strong Brand
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