Ashley Furniture HomeStore is a highly sought after brand and has been aggressively expanding in recent years. Ashley Furniture HomeStore typically features a 30,000 - 54,000 +/- SF building, and are usually situated on 2.5 - 5.5 acres of land. Ashley Furniture HomeStore net lease properties provide a long-term investment with no property management responsibilities. Generally the lease term is a 15 year NNN with 3 five-year options and increases annually or 7.5-10% every 5 years. Ashley Furniture HomeStore are generally operated by franchisees as opposed to corporately owned. In less than 10 years, Ashley Furniture HomeStore has become the No. 1 selling furniture store brand in the world and the No. 1 retailer of furniture and bedding in the United States.
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Jonathan Hipp
Jonathan Hipp began his career in real estate over 25 years ago. In his early years as a broker, he ventured into the net lease industry and quickly began leading the US net lease market, closing over $3 billion in transactions. In 2005, Jon founded Calkain Companies, a company focused solely on net lease investment services. As President and CEO, he has been instrumental in building the firm into one of the leading Net Lease real estate companies, transacting over $12 billion of net lease deal volume over the past 13 years. He has expanded Calkain’s services to include brokerage, advisory, asset management, capital markets, and industry research. He has become a well-known resource, panelist, and speaker at various Net Lease and Industry conferences and is a regular contributor to GlobeSt.com on real estate trends. In June 2015, Jon’s passion for the real estate business was again recognized as he was nominated for the Top Real Estate Player in the DC area by SmartCEO magazine.
