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1220 Airport Blvd, Pensacola, FL , 32504
  • Size SF 216,929
  • Built/Renov1998
  • Price/SF
    $30
    $30
  • Lease Start06-29-2018
  • Rent/SF$1.75
  • Lease Type NN+
  • Lot/AC4.98
  • Pop 5MI151,798
6,591,000
6,591,300
  • Cap Rate
    5.75%
     
    5.75%
  • NOI $379,000
  • R. Term/Yrs 13.6
  • Guarantor Corporate
  • # Units 721
  • Oversized lot

  • Major thoroughfare

  • Dense retail corridor

  • Big Box center

  • Strategically located

  • Freeway close

  • Dense 100M+ pop 5 mi

  • Income tax free state

  • Long 15+ yr lease

  • Favorable NN+ lease

  • ...
  • The tenant, Ashley Furniture has approximately 15-years remaining on their current lease with 2 (5-year) options to extend
  • Rental increases at the beginning of year 6 & year 11, and any option period by an amount equal to the base rent for the then expiring lease year multiplied by 300% of the Consumer Price Index (CPI) increase
  • Ashley Furniture is currently subleasing the building from CWI Inc. (Camping World/Gander)
  • Ashley Furniture covered all costs for sublease and TI for subtenant buildout
  • Favorable NN+ lease
  • Tenant Ashley Furniture
  • Guarantor Corporate
  • #Units 721
  • Stock Private

Ashley Furniture is an American furniture store chain founded in 1997. It now has over 2,000 locations worldwide that sell Ashley Furniture products. The chain has both corporate and independently licensed and operated furniture stores. The parent company Ashley Furniture Industries, run by a father and son team, is the world's largest home furniture manufacturer. The company manufactures and distributes home furnishings throughout the globe and has more than 18,000 employees. Ashley Furniture Industries sells home furnishings and accessories available through two distribution channels: independent furniture dealers and the more than 700 Ashley Furniture HomeStore retail furniture stores. These locations are independently owned and operated by licensees in the United States, Canada, Mexico, Central America, and Japan. Both Ashley HomeStore and parent company Ashley Furniture Industries are privately held. Ashley HomeStore is headquartered in Arcadia, WI.

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3321 Lowery Parkway, Fultondale, AL , 35068
  • Size SF 40,004
  • Built/Renov2007
  • Price/SF
    $165
    $165
  • Lease Start10-01-2007
  • Rent/SF$16.50
  • Lease Type NN+
  • Lot/AC4.00
  • Pop 5MI59,139
6,600,000
6,600,000
  • Cap Rate
    10.00%
     
    10.00%
  • NOI $660,000
  • R. Term/Yrs 1.2
  • Guarantor Franchisee
  • # Units 1
  • In location for years

  • High traffic 50M+ VPD

  • Dense retail corridor

  • Near major nationals

  • Shopping Ctr out-parcel

  • Freeway visibility

  • Top 100 MSA

  • Store sales reported

  • Favorable NN+ lease

  • Personal guarantee

  • ...
  • Ashley Furniture has been operating in this location since 2007
  • The tenant has 2 years of firm term remaining with an additional 3 (5-year) option periods left to extend
  • The lease features 8% rental increases at the beginning of each option period
  • Favorable NN+ lease with landlord responsible for maintenance
  • Personal guaranteed lease
  • Tenant Ashley Furniture
  • Guarantor Franchisee
  • #Units 1
  • Stock Private

Ashley Furniture or Ashley HomeStore is one of the largest American home furnishing retailers and one of the world’s best-selling furniture store brands. The parent company, Ashley Furniture Industries, manufactures and distributes home furnishings products and accessories. Established in 1945, Ashley Furniture Industries is the largest manufacturer of home furnishings in the world. Their retail banners of Ashley, Ashley HomeStore, and Ashley Furniture have both corporate and independently licensed and operated furniture stores throughout the globe. Ashley Furniture Industries employs more than 35,000 people. The first Ashley Furniture HomeStore opened in 1997 in Anchorage, Alaska and today there are more than 1,000 Ashley stores. Their products are sold by more than 6,000 retail partners with over 20,000 storefronts in 123 countries. As of 2020, they earn approximately $5B in annual revenue. The company is headquartered in Arcadia, WI.

...
1500 South Randall Road, Algonquin, IL , 60102
  • Size SF 48,397
  • Built/Renov2006/2022
  • Price/SF $146
  • Lease Start06-18-2021
  • Rent/SF$9.50
  • Lease Type NN+
  • Lot/AC3.26
  • Pop 5MI147,670

7,073,000

  • Cap Rate 6.50%
  • NOI $459,772
  • R. Term/Yrs 4.4
  • Guarantor Franchisee
  • # Units 120
  • Recent renovation

  • Oversized lot

  • Major thoroughfare

  • Dense retail corridor

  • Shopping Ctr out-parcel

  • Dense 100M+ pop 5 mi

  • Affluent AHHI $100K 5 Mi

  • Low rent to sales ratio

  • Favorable NN+ lease

  • 100+ unit franchisee backed

  • ...
  • Recent 2022 renovation
  • There are over 6 years remaining on the current lease with 2 (5-year) options to extend
  • Lease features increases of $10.50/PSF at the first option and $11.50/PSF at the second option
  • Favorable NN+ Lease – Limited landlord responsibilities
  • The Dufresne Spencer Group, LLC is a leading Ashley franchisee with over 120 Ashley locations, 20 distribution centers, 4,000+ employees, and locations in 12 states
  • Tenant Ashley Furniture
  • Guarantor Franchisee
  • #Units 120
  • Stock Private

Ashley Furniture or Ashley HomeStore is one of the largest American home furnishing retailers and one of the world’s best-selling furniture store brands. The parent company, Ashley Furniture Industries, manufactures and distributes home furnishings products and accessories. Established in 1945, Ashley Furniture Industries is the largest manufacturer of home furnishings in the world. Their retail banners of Ashley, Ashley HomeStore and Ashley Furniture have both corporate and independently licensed and operated furniture stores throughout the globe. Ashley Furniture Industries employs more than 35,000 people. The first Ashley Furniture HomeStore opened in 1997 in Anchorage, Alaska and today there are more than 1,000 Ashley stores. Their products are sold by more than 6,000 retail partners with over 20,000 storefronts in 123 countries. As of 2020, they earn approximately $5B in annual revenue. The company is headquartered in Arcadia, WI.

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