425 W Gibson St - Freestanding FOR SALE
Jasper, TX 75951 |
$2,575,000 USD
513-325-8682
425 W Gibson St
Jasper, TX 75951
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
- In 2023-24, Landlord and Tenant Collectively Invested Approximately $250,000 for Building Renovations and Replaced a Portion of the Roof
- Double Net Lease With Minimal Landlord Responsibilities | 5% Rental Increases Every 5 Years and in Each of Three, 5-Year Renewal Options
- Excellent Location: Located Along a Dense Retail Corridor Leading into Downtown Japser
- High Visibility Along US-190/W Gibson Street With 18,700+ Vehicles Per Day
- Easy Access From Both Traffic Directions Near a Signalized Intersection with a Center Turn Lane
FOR SALE DETAILS
PRICE
$2,575,000 USD
PRICE/SF
$75 USD /SF
CAP RATE
7.3%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Ashley Furniture
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1996
SPRINKLERS
-
PARKING SPACES
25
LAND DETAILS
LAND ACRES
2.44 AC
LAND SF
106,286 SF
ZONING
none
APN/PARCEL ID
000008053300
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513-325-8682
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513-325-8682
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