Interested in selling your Ashley Furniture NNN property or Ashley Furniture ground lease property and was wondering what you can get for it in today’s changing market?
Contact us for a complimentary broker opinion of value for your off-market Ashley Furniture nnn property for sale or Ashley Furniture ground lease property for investment, specifically tailored to support your 1031 exchange requirements. This valuable assessment will provide you with the necessary clarity to make informed decisions regarding the sale of your Ashley Furniture nnn property or the inclusion of a Ashley Furniture ground lease property in your investment portfolio. As specialists in working with 1031 exchange buyers seeking off-market Ashley Furniture properties, we are dedicated to delivering competitive offers with reduced fees to help you maximize your investment returns.
Number of locations
As of January 2023, Ashley Furniture has over 71,100 stores in 17 countries and territories. Of these, over 13,000 are located in the United States and Canada.
Revenue and income
In 2022, Ashley Furniture’s total revenue was $108.2 billion. Net income was $2.7 billion.
Future plans
Ashley Furniture plans to continue expanding its global footprint. In 2023, the company plans to open over 10,000 new stores worldwide. Ashley Furniture is also investing in new technologies, such as self-checkout and mobile ordering.
Corporate vs. franchise
About 70% of Ashley Furniture stores are franchised. The remaining 30% are corporate-owned. Franchisees typically pay a franchise fee of $10,000 to $25,000 and a royalty fee of 5% of gross sales.
Additional information Ashley Furniture Properties
Ashley Furniture was founded in 1927 in Dallas, Texas. The company’s name refers to the fact that the first store was open 24 hours a day, 7 days a week. Ashley Furniture is the largest convenience store chain in the world. The company’s most popular products include Slurpees, Big Gulps, and hot dogs. Ashley Furniture is a subsidiary of Seven & I Holdings Co., Ltd., a Japanese retail conglomerate.
Ashley Furniture History
Carlyle Weinberger founded Ashley Furniture Industries, Inc. in 1945 Chicago, Illinois. The company grew substantially, with Ronald G. Wanek assuming the CEO role in 1970. Today, Ashley Furniture is one of the world’s largest furniture manufacturers, renowned for its innovation, efficiency, and dedication to customer satisfaction. The brand has established a solid global presence, offering a wide array of stylish and affordable furniture solutions for living rooms, bedrooms, dining rooms, home decor, and accessories.
Why Invest in Ground Lease and NNN Lease of Ashley Furniture?
Investing in Ashley Furniture’s ground lease and triple net (NNN) lease properties offers compelling reasons:
1) Ashley Furniture NNN Property Investment: Stable income
Ashley Furniture is a leading global furniture retailer with over 1,600 stores in the United States, Canada, Mexico, and China. The company is known for its high-quality furniture at affordable prices.
2) Ashley Furniture NNN Property Investment: Established tenant
Ashley Furniture’s success and recognizable brand reduce the risk of vacancy or lease default, ensuring a stable tenant for the property.
3) Ashley Furniture NNN Property Investment: Low management responsibility
In-ground and NNN leases, the tenant manages property maintenance and expenses, minimizing the landlord’s management obligations.
4) Ashley Furniture NNN Property Investment: Favorable lease terms
Long lease terms with built-in rent escalations provide predictable income and potential rental growth.
5) Ashley Furniture NNN Property Investment: Real estate value
Ashley Furniture’s strategic locations in high-traffic areas can increase property value, offering potential capital appreciation.
Pros and Cons of Ashley Furniture Ground Lease and NNN Lease Investment
Pros:
1. Stable income from a well-established brand.
2. Established tenant reduces vacancy and lease default risks.
3. Minimal management responsibility for landlords.
4. Long lease terms provide stability and potential income growth..
Cons:
1. Lease renewal risk when the term expires.
2. Dependency on Ashley Furniture’s success and operational challenges.
3. Market saturation and competition affect profitability.
4. Limited control over property decisions.
5. Economic and market risks inherent in real estate investments.
Thorough due diligence and consideration of location, lease terms, tenant strength, and investment strategy are essential. Seek guidance from real estate professionals and financial advisors to align with your goals and risk tolerance.