Ashley Furniture Warehouse & Distribution | 4405 Glasscock Ave
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Ashley Furniture Warehouse & Distribution 4405 Glasscock Ave
86,640 SF Industrial Building Harlingen, TX 78550 $8,925,000 ($103/SF) 7.21% Cap Rate
Investment Highlights
- World’s Largest Manufacturer of Home Furnishings
- Significant Building Renovation in 2023
- Strong Demographics and Nationally Renowned Medical Facilities
- Prime Logistics Hub with Cross-Border Connectivity
- New Lease with 3% Annual Rent Increases
Executive Summary
Northmarq proudly presents an exceptional investment opportunity: the Ashley Furniture Warehouse & Distribution Center located in the tax-free state of Texas at 4405 Glasscock Avenue, Harlingen, Texas. This property is leased to Dufresne Spencer Group (d/b/a Ashley), the Largest Ashley Licensee in the world.
The asset features a passive net lease with 3% annual rent increases, providing an excellent hedge against inflation. The tenant's commitment to the property and location is evidenced by signing a 7-year lease that includes nearly $4.6 million in landlord-paid renovations to accommodate the vast amount of furniture distributed from this facility.
Adjacent Vacant Land Also Available
In Association With: Jim Gibson, TX Lic #392926
The asset features a passive net lease with 3% annual rent increases, providing an excellent hedge against inflation. The tenant's commitment to the property and location is evidenced by signing a 7-year lease that includes nearly $4.6 million in landlord-paid renovations to accommodate the vast amount of furniture distributed from this facility.
Adjacent Vacant Land Also Available
In Association With: Jim Gibson, TX Lic #392926
Property Facts
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PROPERTY TAXES
| Parcel Number | 190590-0010-001000 | Improvements Assessment | $0 |
| Land Assessment | $28,090 | Total Assessment | $28,090 |
PROPERTY TAXES
Parcel Number
190590-0010-001000
Land Assessment
$28,090
Improvements Assessment
$0
Total Assessment
$28,090
zoning
| Zoning Code | C |
| C |
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Ashley Furniture Warehouse & Distribution | 4405 Glasscock Ave
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