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425 W Gibson St
Jasper, TX 75951

$2,575,000 USD

Freestanding For Sale  •  34,452 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 34,452 SF
  • Lot Size 2.44 AC
  • Building Class C
  • Year Built 1996
  • Cap Rate 7.30 %
  • Tenancy Single
  • Zoning none
0 Transit Score
35 Walk Score

Highlights

1996 Build to Suit for Ashley | Exterior and Interior Renovations in 2023 to Align With New Company Branding | 34,542-SF Building on +/-2.44 Acres
In 2023-24, Landlord and Tenant Collectively Invested Approximately $250,000 for Building Renovations and Replaced a Portion of the Roof
Double Net Lease With Minimal Landlord Responsibilities | 5% Rental Increases Every 5 Years and in Each of Three, 5-Year Renewal Options
Excellent Location: Located Along a Dense Retail Corridor Leading into Downtown Japser
High Visibility Along US-190/W Gibson Street With 18,700+ Vehicles Per Day
Easy Access From Both Traffic Directions Near a Signalized Intersection with a Center Turn Lane

Property Flyers

Cap Rate: 7.30 %

Major Tenants

Tenant SF Occupied Lease End Date
Ashley

Amenities

  • Freeway Visibility
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC
  • Monument Signage
  • Air Conditioning

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 25
Type: Surface
Included in Rent: Yes
Darpan Patel 513-325-8682 Marcus & Millichap
Darpan Patel 513-325-8682 Marcus & Millichap