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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
15 – 20 Years
10% Every 5 years
20 – 40 Years
Industries, Inc.is the largest United States home furnishings maker and retailer,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.
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,
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
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
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.Ron Wanek is currently Chairman of the Board and Todd Wanek is currently President
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,