Cushman & Wakefield is pleased to present the opportunity to acquire a 16-property, absolute NNN portfolio leased to Ashley HomeStore, the largest furniture retailer in the United States. The portfolio totals approximately 764,872 square feet across Louisiana, Ohio, Tennessee, Kentucky, and Mississippi. Every lease has zero landlord responsibilities, giving investors a truly passive income stream from a geographically diversified group of large-format showrooms.

The properties are leased to Ashley Global Retail, LLC, Ashley’s corporate retail entity, and to The Dufresne Spencer Group, LLC DBA Ashley HomeStore, an established licensee guaranteed by Dufresne Spencer Group Holdings, LLC. All leases include annual rent increases based on the lesser of 1.375% or 1.25x CPI, along with multiple five-year renewal options.

Founded in 1997, Ashley HomeStore is the retail platform for Ashley Furniture Industries, the world’s largest furniture manufacturer, established in 1945 and headquartered in Arcadia, Wisconsin. Ashley operates more than 1,000 locations worldwide, employs approximately 35,000 people, and serves customers in 155 countries. Its vertically integrated platform covers design, manufacturing, distribution, and retail. That supports competitive pricing and strong inventory control, and has helped Ashley lead the highly fragmented home furnishings industry.

The properties are located in established regional retail markets across the Southeast, Gulf Coast, and Midwest, generally along major interstate and arterial corridors. Many are surrounded by national retailers and supported by solid residential bases.

This offering is a rare chance to acquire scale in a single transaction: a nationally recognized tenant, corporate and licensee guarantor support, contractual rent growth, and diversification across five states.