Staples For Sale by net lease firm The Boulder Group

The Boulder Group is pleased to exclusively market a single tenant net leased Staples for sale property located in Benton Harbor, Michigan. Staples has a long operating history at this property since 1996 and recently exercised a renewal option further illustrating their commitment. The property is located within the region’s primary retail trade area and is strategically positioned directly across the street from a Walmart Supercenter and Lowe’s. There are five years remaining on the Staples lease which expires on July 31, 2021. The lease features three 5-year renewal options with rare 15% rental escalations in each.

The 24,500 square foot Staples is strategically located at the signalized intersection of Mall Drive and Cinema Way across the street from a Walmart Supercenter and Lowe’s. This regional retail corridor also features Home Depot, Target, Meijer, Kohl’s, TJ Maxx, JCPenney, Carson’s, Walgreens, Aldi and many others. The Staples property is located approximately five miles south of the Whirlpool Corporation global headquarters. Whirlpool Corporation is a Fortune 500 company with a market capitalization in excess of $7 billion. The Staples is located immediately west of Interstate 94 which experiences traffic counts in excess of 62,000 vehicles per day.

The company operates over 1,900 retail stores. Staples is a publicly traded company on the NASDAQ (SPLS) with a market capitalization in excess of $7 billion. Staples is an investment grade rated company with a Standard & Poor’s rating of BBB-.