Remodeled Furniture Retail Net
For Sale
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425 W Gibson St, Jasper, TX 75951
Recently remodeled Ashley Furniture Homestore in fee-simple sale, leased on an early 10-year net lease extension with renewal options.
Property Size34,452 SF
Price / SF$81.85
Days on Market194
Property Features for 425 W Gibson St
General Information
Standard status
Active
Size
34,452 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$197,400
Additional Details
Business Included
Yes
Building Details
Year Renovated
1996
Tenancy
Single
Listing Agency:
Colliers - Rosemont, Illinois
Listed By:
Peter Block · License #471002226
(847) 384-2840
Source:
Crexi
Added: Apr 11
Changed: Oct 13
Last Checked: Oct 20 at 8:20PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Rosemont, Illinois
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Investment Insights
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Jones Lang LaSalle Americas, Inc. (JLL) is pleased to offer for sale the fee-simple interest in a recently remodeled Ashley Furniture Homestore (recently rebranded to “Ashley”) at 425 W Gibson St in Jasper, TX. The property reflects the tenant’s “Ashley 7.0” store concept, focused on updated visual display and merchandising offerings.
Ashley has operated at this location since the early 2000s and recently affirmed its long-term commitment through an early 10-year net lease extension with three, five-year renewal options. The lease includes 5.0% rent increases every five years and calls for minimal landlord responsibilities.
The offering is presented as the only traditional furniture store in the city, with the next nearest national furniture store more than 50 miles away, per the seller’s remarks. The asset is being marketed as a long-term cash flow investment backed by an established, global brand.
Ashley has operated at this location since the early 2000s and recently affirmed its long-term commitment through an early 10-year net lease extension with three, five-year renewal options. The lease includes 5.0% rent increases every five years and calls for minimal landlord responsibilities.
The offering is presented as the only traditional furniture store in the city, with the next nearest national furniture store more than 50 miles away, per the seller’s remarks. The asset is being marketed as a long-term cash flow investment backed by an established, global brand.
Key Highlights
- Fee‑simple sale of a recently remodeled Ashley Furniture Homestore in Jasper, TX
- Ashley has operated at the location since the early 2000s
- Early 10‑year net lease extension with three, five‑year renewal options
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
Explore this area
Business Placement
Demographics for 75951, TX
14,370
Population
7,664
Households
1.9
Avg Household Size
43
Median Age
13%
College-Educated
90%
High-School Grad
372.7 sq mi
ZIP Area
39
Density / Sq Mi
$47,873
Median Household Income
$29,341
Median Earnings
$867
Median Rent
$125,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Recently remodeled Ashley Furniture Homestore in fee-simple sale, leased on an early 10-year net lease extension with renewal options.
Where is this retail space located?
The property is located at 425 W Gibson St Jasper, TX.
What is the asking price?
The asking price for this property is $2,820,000.
What are key features of this property?
This property features: Fee‑simple sale of a recently remodeled Ashley Furniture Homestore in Jasper, TX; Ashley has operated at the location since the early 2000s; Early 10‑year net lease extension with three, five‑year renewal options
