Ashley Furniture

Ashley Furniture Industries, Inc. is an American home furnishings manufacturer 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.

Ashley Furniture Industries sells home furnishings and accessories available through two distribution channels: independent furniture dealers and more than 500 Ashley Furniture HomeStore 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 (closed 2016), Pennsylvania, North Carolina, Florida, China, and Vietnam.

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S&P Rating: N/R
Moody Rating: N/R

Typical Lease Characteristics

Lease Term: 15 – 20 Years  Years

Lease Type: Absolute NNN  

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate and Franchisee

Tenant Overview

Given the nature of the product, special cosnideration must be given to the store sales. Typically fully net leases, which avleviate some of the risk, however Ashley furniture locations are often typically larger in size, making it more challenging to re-tenant in the event of a move-out.


  • Nationwide presence with high brand recognition
  • Company has its own manufacturing and distribution centers
  • Typically Long term leases with increases


  • Unique buildout and large spaces make it more challenging to re-tenant
  • Prone to Economic Pressures
  • Faces pressures from E-Commerce & Online Retailers

Market Snapshots:

On Market Ranges:

# of Properties in set: 14

Price: $5,208,640 - $7,154,040Average: $6,275,473

PPSF: $130 - $170Average: $153

Year Built: 1994 - 2018Average: 2008

CAP Rate Range: 6.58% - 8.69%Average: 7.83%

Size range: 23,500 sq ft - 76,979 sq ft Average: 41,707 sq ft

Last 12 Month Range:

# of Properties in set: 1

Price: $2,499,798 - $2,499,798Average: $2,499,798

PPSF: $56 - $56Average: $56

Year Built: 2006 - 2006Average: 2006

CAP Rate Range: 11.46% - 11.46%Average: 11.46%

Size range: 44,520 sq ft - 44,520 sq ft Average: 44,520 sq ft

Ashley Furniture Similar Tenants

Ashley Furniture Company Profile

Headquarters Information

Arcadia, Wisconsin

Founded in 1970

Company type: Private

Industry: Furnishings

# of Employees: 22,582

S&P Rating: N/R
S&P Rating: N/R
No stock information is available for this tenant.
No news available for this tenant.

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