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Office Supply

Office Depot | Option for Vacant Possession November 2023

3600 S Le Jeune Rd, Miami Springs, FL 33166

Listing Price: $11,755,000

Cap Rate
5.00%
Tenant Name
Office Depot
Years Remaining On Lease
3.7
Guarantor
Corporate Guarantee
Rentable SF
25,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.51

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase an Office Depot located at 3600 Le Jeune Rd, Miami Springs, FL 33166. The property is situated on 1.76 acres of land and contains 25,000 square feet of net leasable area. Office Depot has just under four years remaining on their current lease commitment. Located “in the heart of it all,” Miami Springs is bordered by Miami International Airport, the City of Hialeah, the Village of Virginia Gardens and the Town of Medley. As the City became engulfed by the growth of Miami-Dade County, it remained a desirable “bedroom community” because of its small-town flavor, great location and family-oriented civic amenities, including parks, racquetball and tennis courts, golf course, municipal pool and new community center and theater. Office Depot, Inc. (NASDAQ:ODP) is a leading provider of business services and supplies, products and technology solutions through its fully integrated omni-channel platform of approximately 1,400 stores, online presence, and dedicated sales professionals and technicians to small, medium and enterprise businesses. Through its banner brands Office Depot®, OfficeMax®, CompuCom® and Grand&Toy®, the company offers its customers the tools and resources they need to focus on their passion.

Investment Highlights

  • High Visibility Retail Asset With Future Upside
  • Just Under 4 Years Of Lease Term Remaining
  • NNN Lease – No Landlord Obligations
  • Located Across From Miami International Airport – Ranks The Busiest Airport In The US
  • Hard Corner Signalized Intersection – Traffic of 96,800+ Vehicles Per Day
  • Densely Populated Area – 199,297 Within 3 Mile Radius
  • Oversized 1.76 Acre Parcel With Ample Parking
  • NW 36th St District Zoning – Allows For Commercial & Residential Development

Exclusively Listed By

Financing By

Office Supply

Office Depot | Option for Vacant Possession November 2023

Listing Price: $11,755,000

Cap Rate
5.00%
Tenant Name
Office Depot
Years Remaining On Lease
3.7
Guarantor
Corporate Guarantee
Rentable SF
25,000
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$23.51

Investment Highlights

  • High Visibility Retail Asset With Future Upside
  • Just Under 4 Years Of Lease Term Remaining
  • NNN Lease – No Landlord Obligations
  • Located Across From Miami International Airport – Ranks The Busiest Airport In The US
  • Hard Corner Signalized Intersection – Traffic of 96,800+ Vehicles Per Day
  • Densely Populated Area – 199,297 Within 3 Mile Radius
  • Oversized 1.76 Acre Parcel With Ample Parking
  • NW 36th St District Zoning – Allows For Commercial & Residential Development

Investment Overview

Marcus & Millichap is pleased to present the opportunity to purchase an Office Depot located at 3600 Le Jeune Rd, Miami Springs, FL 33166. The property is situated on 1.76 acres of land and contains 25,000 square feet of net leasable area. Office Depot has just under four years remaining on their current lease commitment. Located “in the heart of it all,” Miami Springs is bordered by Miami International Airport, the City of Hialeah, the Village of Virginia Gardens and the Town of Medley. As the City became engulfed by the growth of Miami-Dade County, it remained a desirable “bedroom community” because of its small-town flavor, great location and family-oriented civic amenities, including parks, racquetball and tennis courts, golf course, municipal pool and new community center and theater. Office Depot, Inc. (NASDAQ:ODP) is a leading provider of business services and supplies, products and technology solutions through its fully integrated omni-channel platform of approximately 1,400 stores, online presence, and dedicated sales professionals and technicians to small, medium and enterprise businesses. Through its banner brands Office Depot®, OfficeMax®, CompuCom® and Grand&Toy®, the company offers its customers the tools and resources they need to focus on their passion.

Exclusively Listed By

Financing By

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