840 S Washington St
Bismarck, ND 58504
Staples Store, Bismarck, ND · Property For Lease

The subject property consists of the ownership of improved land (1.42 acres) occupied by a 24,049 square foot STAPLES The Office Superstore commercial retail building. The property is located directly on South Washington Street, just north of W. Bismarck Expressway. The property was originally developed in 1998 and recently remodeled and updated by Staples. As proof of Staples commitment to the property, in December 2013, Staples extended the lease for an additional five years to the original 15 year lease. The lease now expires February 28, 2019 with three (3) five (5) year options to renew. Staples is the world's largest office products company. A member of the Fortune 500, Staples serves businesses and consumers in 27 countries throughout North and South America,Europe, Asia and Australia. It is regarded as one of the top 5 Most Admired specialty retailers in the world. Staples is traded on the NASDAQ ("SPLS") and has a market capitalization of $11.4 billion. Staples is rated investment grade by Moody's and Standard and Poor's. Bismarck is a fast growing city influenced by the Baaken Oil Boom of North Dakota. If you're thinking about moving to Bismarck-Mandan, now is the time, With substantial growth and development occurring, there is certainly no lack of opportunities, no matter what your interests or specialties. The Staples is located approximately one block from one of two major shopping malls in Bismarck, the Kirkwood Mall in South Bismarck and the newly remodeled Gateway Fashion Mall in North Bismarck. Kirkwood Mall is the city's largest mall. It is anchored by Target, JCPenney, Herberger's, Scheel's Sports, and I. Keating Furniture World. Besides the mall, Bismarck has WalMart, Kmart and Menard's. Bismarck added about 1.5 million square feet of retail during the past 12 months including two Super Walmarts, Sam's Club, Lowe's, Kohl's and many other shops.