Ashley Furniture NNN Properties For Sale
Are you looking to buy or sell a Ashley Furniture Ground Lease Property, Ashley Furniture NNN Lease Property, or Ashley Furniture for 1031 Exchange for passive investment? If you would like to buy or sell Net Lease Ashley Furniture Properties or looking for an Ashley Furniture NNN Property for sale please feel free to send us an email to info@nnndeals.com and we will get back to you quickly.
 | |
| Type | Private |
|---|---|
| Industry | Furnishings |
| Founded | 1945 Chicago, Illinois, U.S. |
| Founder | Carlyle Weinberger |
| Headquarters | Arcadia, Wisconsin, U.S. |
Key people | Todd R. Wanek (CEO) Ronald G. Wanek |
| Products | Upholstered furniture and casegoods |
| Revenue |  US$5.7 billion (2018)[1] |
Number of employees | 35,000 (2021)[1] |
| Subsidiaries | Ashley Furniture HomeStore |
| Website | www |
Ashley Furniture – The Leading Home Furniture Selling Brand Worldwide
Ashley Furniture Homestore is a globally acclaimed brand of furniture stores in North America that specializes in creating unique shopping experiences for individuals. Committed to doing business under the name of The Ashley Companies, this private sector company in the US not only aims at manufacturing premium quality furniture but also emphasizes on retailing.
The company is aggressively seeking for suitable properties on lease to expand their chain of Homestores across the nation. It already has a great market presence through two distinctive distributor channels including independent dealers and over 500 independent retail stores operated by the licensees in Mexico, Canada, US, Japan and Central America.
Its current market status
Presently, Ashley Furniture holds its strong presence across 123 countries of the world comprising over 19 retail stores in Georgia, 34 Homestores in Florida and about 627 stores across the globe. Operating under the prime leadership of Todd Wanek, the CEO cum President and Ron Wanek, his father and Chairman of Ashley Furniture Industries Inc., the company leaves no stone unturned to bring forth the best quality furniture for its consumers.
According to the Forbes 2016 ranking, Ashley Furniture Industries occupies the 100th position amongst the largest private companies of America with an overall sale of $4.15 billion. However, as per the market analysis of IBIS world, the company shows an overall growth of 2.8% from 2011 to 2016 with total revenue of $60 billion.
Having its firm base in Arcadia, Wisconsin in US, the company also has its widespread distribution presence in California, Florida, China, North Carolina, Vietnam, Mississippi, and Pennsylvania.
Its emerging story
Ashley Furniture finds its origin late back in the year 1945 by Carlyle Weinberger in Chicago. It initiated as a prominent company of sales operation having specialization in wall systems and table. However, the year 1970 became a major turnover for the company when the Weinberger invested in the shares of Arcadia Furniture, owned by Ron Wanek. Both the businesses collaborated in 1976 and became Ashley Furniture.
Being a family owned company, it continues to grow and create its vast presence not only in US but worldwide to effectively meet ever-evolving needs of consumers. Having a core belief in becoming the most-trusted partner as well as style leader for your home, the company strictly commits to its quality policies.
Aimed at becoming the best-selling brand of furniture in the world, the company continuously strives for better opportunities of expansion. With the continuous endless support of 22,582 employees, the company is not only expanding its reach towards consumers but also creating great employment opportunities for jobseekers.
Its working process
A typical Ashley Furniture Homestore highlights its magnificence over a building of 30,000 to 54,000 sq. ft. spreading across a total land area of 2.5 to 5.5 acres. With an aim of constant expansion, the company is creating great opportunities for people of long-term investment bearing no responsibility of property management. It is seeking for such properties that qualify its pre-requisites in terms of land coverage for minimum lease tenure of 15 years.
Having greater contribution of franchisees rather than corporately owned stores, the company also promises to increase the rent by 7.5 to 10 percent after every five years as per its lease term policy.
Ashley Furniture NNN Lease:
Net Lease Ashley Furniture/ Ashley Furniture Ground Lease property typically have long term leases, and these furniture stores are located in high traffic areas. Ashley Furniture for 1031 Exchange and Net Lease Ashley Furniture properties are ideal for investors because of the long term leases and good locations.