Net Lease Ashley Furniture Property Profile and Cap Rates Date July 21, 2020
Net Lease Ashley Furniture – Typical Property and Lease Terms
Price Range: | $4 mm - $8 mm |
Cap Rate: | 7.25% |
Net Income: | $500,000 |
Price Per foot: | $120 PSF |
Building Size: | 30,000-55,000 SF |
Lot Size: | 3 Acres |
Escalations: | 7.5% every 5 years |
Lease Term: | 15 Years |
Lease Type: | NNN |
Credit Rating: | N/A |
Tenant Company Information:
Ashley Furniture Industries, Inc. is an American home furnishings manufacturer and retailer,[2] headquartered in Arcadia, Wisconsin. The company is owned by father and son team Ron and Todd Wanek. Ashley Furniture manufactures and distributes home furniture products throughout the world.[3]
Ashley Furniture Industries sells home furnishings and accessories available through two distribution channels: independent furniture dealers and more than 700 Ashley Furniture HomeStore retail furniture stores, which are independently owned and operated by licensees in the United States, Canada, Mexico, Central America, and Japan.[4] It has manufacturing and distribution facilities in Wisconsin, Mississippi, California (only manufacturing closed in 2016 distribution facility remains), Indiana, Pennsylvania, North Carolina, Florida, China, and Vietnam
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