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Ashley Furniture

 



Interested in Purchasing a Ashley Furniture for Investment?

 

If you wish to purchase a Ashley Furniture property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net lease Ashley Furniture properties for sale in Washington DC, Maryland, Virginia and the entire United States. 

 

Ashley Furniture is a private company.  

 

 

 

Ashley Furniture

 

 
Price: 

$4M - $12M


Lease Term
:


15 – 20 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN  

Lease
Guarantee: 

Corporate
CAP Rate Ranges:
5.5% – 6.50%
Name Ashley Furniture

Founded

1945
Headquarters Arcadia, Wisconsin,U.S.
Key people 
Ronald G. Wanek
Todd R. Wanek
Products Upholstered furniture andcasegoods
Revenue US$3.85 billion
Number of employees 
22,582
Website www.ashleyfurniture.com

 

 


About Ashley Furnitre: 

Ashley Furniture Industries, Inc.is the largest United States home furnishings maker and retailer,[1]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.[2] 

 

Ashley Furniture Industries sells home furnishings and accessories available through two distribution channels: independent furniture dealers and more than 500 Ashley Furniture Home Store retail furniture stores, which are independently owned and operated by licensees in the United States, Canada, Mexico, Central America, and Japan. It has manufacturing and distribution facilities in Wisconsin, Mississippi, California, Pennsylvania, Florida, China, and Vietnam. 

 

Carlyle Weinberger founded Ashley Furniture in Chicago in 1945 as a sales operation. Specializing in wooden occasional furniture, Ashley marketed goods made by local companies. Later the company opened a branch in Goshen, Indiana. In 1970, Ashley invested in the Wisconsin-based Arcadia Furniture, founded by Ronald G. Wanek, who had begun his career in a furniture factory owned by Eugene Vogel. When Wanek moved to Arcadia to open his own factory he took with him Eugene Vogel's son, Chuck. The two began doing production work for Ashley Furniture. Even though Arcadia started out as a small production plant for Ashley's lines in 1976, Wanek and group of investors bought out Weinberger, taking control of Ashley Furniture. At first the two companies maintained their separate identities, with Arcadia focusing on production and Ashley on sales. 

 

By 1982, the merged company's annual sales reached $12 million and it had moved its corporate headquarters from Chicago to Arcadia. By the mid-1980s, Ashley offered a line of roughly 350 different furniture products, and had turned its design and manufacturing away from "heirloom pieces" toward products aimed at middle-income buyers. The company's growing network included wholesalers such as Levitz Furnitureand mass-retailers such as Sears, Kmart, and Montgomery Ward, in addition to smaller retailers. Sales had climbed to more than $44 million by 1985. 

 

In 1994 Ashley acquired upholstery manufacturer Sklar-Peppler, and by the late 1990s the company was operating assembly and distribution plants in Seattle, Washington; Pomona, California; New Brunswick, New Jersey; and Orlando, Florida. Gambling that motion furniture was a strong growth area, Ashley acquired Gentry Furniture, of Ripley, Mississippi in 1999. That same year the company also branched out into retailing, licensing Ashley Furniture Home Stores to independent dealers. The chain grew in its first year to approximately 40 stores.[3] 

 

By 2000, Ashley Furniture Industries employed more people in Arcadia than the town's population. The plant in Arcadia had grown from 35,000 square feet (3,300 m2) in 1970 to 1,500,000 square feet (140,000 m2). Today the company maintains plants across the United States and also operates several factories (including its largest) in Pacific Rim countries such as China.[4]Ron Wanek is currently Chairman of the Board and Todd Wanek is currently President and CEO.[5] 

 

Ashley Furniture Properties For Sale Across the United States :  

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming 

 NNN Properties  For 1031 Exchange 

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