425 W Gibson St - Freestanding FOR SALE


Jasper, TX 75951
$2,820,000 USD
847-384-2844
425 W Gibson St, Jasper, TX for Sale
$2,820,000 USD
Freestanding - FOR SALE
1/44
null | 7% Cap Rate

425 W Gibson St
Jasper, TX 75951


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$2,820,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ashley Furniture Home Store

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

ASK ABOUT THIS PROPERTY

Christian PeraColliersMore Info
847-384-2844

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Christian PeraColliersMore Info
847-384-2844

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.