Net Lease Staples Property Profile and Cap Rates

Net Lease Staples – Typical Property and Lease Terms

 

Price Range:	$2M - $8.5M
Cap Rate:	7.15% - 7.65%
Net Income:	$150,000 - $625,000
Price Per foot:	$200 PSF - $400 PSF
Building Size:	20,000 SF
Lot Size:	2 Acres
Escalations:	Flat
Lease Term:	10-15 Years
Lease Type:	NNN
Credit Rating:	BBB- (S&P)

 

Tenant Company Information:

 

Staples Inc. is an American office retail company. It is primarily involved in the sale of office supplies and related products, via retail channels and business-to-business (B2B)-oriented delivery operations.

The company opened its first store in Brighton, Massachusetts on May 1, 1986.[5] By 1996, it had reached the Fortune 500, and it later acquired the office supplies company Quill Corporation. In 2014, in the wake of increasing competition from e-commerce market, Staples began to close some of its locations. In 2015, Staples announced its intent to acquire Office Depot and OfficeMax. However, the purchase was blocked under antitrust grounds due to the consolidation that would result.

After the failed acquisition, Staples began to refocus its operations to downplay its brick-and-mortar outlets, and place more prominence on its B2B supply business. In 2017, after its sale to Sycamore Partners, the company was effectively split into three “independently managed and capitalized” entities sharing the Staples name, separating its U.S. retail operations, and Canadian retail operations, from the B2B business.

 

Back