Net Lease Office Depot Property Profile and Cap Rates Date September 11, 2020
Net Lease Office Depot Property and Lease Terms
| Price Range: | $2M - $5M |
| Cap Rate: | 7.25% - 7.75% |
| Net Income: | $260,000 |
| Price Per Foot: | $125 PSF |
| Building Size: | 25,000 SF |
| Lot Size: | 2 Acres |
| Escalations: | Flat |
| Lease Term: | 10 Years |
| Lease Type: | NN |
| Credit Rating: | N/A |
Tenant Company Information:
The ODP Corporation, is an American office supply retailing company headquartered in Boca Raton, Florida. The company has combined annual sales of approximately $11 billion, and employs about 38,000 associates with businesses in the United States. The company operates 1,400 retail stores,[4] e-commerce sites and a business-to-business sales organization.
The company’s portfolio of brands includes Office Depot, OfficeMax, Grand & Toy, Ativa, TUL, Foray, Realspace, and DiVOGA.[5]
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