Office Depot

Tenant Description

Office Depot was founded in 1986 in Fort Lauderdale, FL. It is the leading global provider of products, services, and solutions for every workplace. They pride themselves on being a single source for everything customers need to be more productive in the office, including the latest technology, core supplies, print and document services, business services, facilities products, furniture,  school essentials, and much more.

What To Look For When Buying An Office Depot

Can You Re-Tenant The Property If Office Depot Vacate’s

What We Like About Office Depot

Brand Recognition, Corporate Guarantee

Competition

Staples, Amazon, Walmart

What Is Sold In An Office Depot

Office Products & Services

Office Depot Website

https://www.officedepot.com/

Corporate Office Location

6600 North Military Trail – Boca Raton, FL 33496

Fast Facts

The company has combined pro forma annual sales of $16+ billion, employs 55,000+ associates, serves consumers and businesses in 55+ countries, and has 1,800+ retail stores.

Stock Price
Tenant News
Average Cap Rate Trend
7.25%
2019
7.00%
2020
12 mo avg with 10+ yr lease term (*Please Note Data Points Are Not Exact Figures*)
Average Sale Data & Lease Structure
Avg. Sale Price$4,000,000
Avg. Annual Rental Income$225,000
Avg. Price/SF$125/SF
Typical Lease TypeDouble Net
Typical Lease Term20 Years
Typical Lease Escalations10% Every 5 Years
Credit Rating
S & PB+

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