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Office Depot 801 Sunland Park Dr 25,000 SF 100% Leased Retail Building El Paso, TX 79912 $5,223,762 ($208.95/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Absolute Triple-Net (NN) Lease | Zero (0) Landlord Responsibilities
- Strong Site Commitment | ODP Corporation (NASDAQ: ODP) Organized The Sale Leaseback Of This Site And Eight (8) Other Office Depot Locations In 2008
- The tenant is subject to an absolute triple-net lease with zero landlord responsibilities, offering a prospective
- 32+ Year Operating History | Tenant Reports Strong Store Sales | Contact The Listing Agents For More Details
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Office Depot located at 801 Sunland Park Drive, El Paso, Texas 79912. The site consists of roughly 25000 rentable square feet of building space on an estimated 1.6-acre parcel of land. This Office Depot is subject to a 21-year Triple Net (NNN) lease, which commenced 9/15/2008. The current annual rent is $417,901 and has scheduled increases of 10.00% In Options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
25,000 SF
Year Built
1992
Price
$5,223,762
Price Per SF
$208.95
Cap Rate
8%
NOI
$417,901
Percent Leased
100%
Building Height
1 Story
Building FAR
0.35
Lot Size
1.65 AC
Zoning
C3S
Frontage
130’ on Sunland Park Drive
Walk Score®
Very Walkable (73)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | C815-999-0010-0130 | Improvements Assessment | $2,463,609 |
| Land Assessment | $647,181 | Total Assessment | $3,110,790 |
PROPERTY TAXES
Parcel Number
C815-999-0010-0130
Land Assessment
$647,181
Improvements Assessment
$2,463,609
Total Assessment
$3,110,790
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Office Depot | 801 Sunland Park Dr
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