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Office Supply

Office Depot

1003 E 3rd Ave, Spokane, WA 99202

Listing Price: $4,490,000

Cap Rate
7.10%
Tenant Name
Office Depot
Years Remaining On Lease
3.7
Guarantor
Corporate Guarantee
Rentable SF
22,750
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.00

Investment Overview

Office Depot is a single tenant investment property with a lease running to November 30, 2026 with one 5-year option to extend with a 10% rent increase. Office Depot has been in this building since its construction in 1990. This property sits in the core downtown area of Spokane, Washington offering an investor a leased investment with irreplaceable real estate on 2.18 acres of land.

Investment Highlights

  • NNN Lease Structure with Limited Landlord Responsibilities
  • Corporate Guaranteed Investment
  • Historical Occupancy by Office Depot Since 1990
  • Located Next to I-90 And WA-290, Servicing 130,000+ Vehicles Per Day

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s) WA: 25469

    Washington

Financing By

Office Supply

Office Depot

Listing Price: $4,490,000

Cap Rate
7.10%
Tenant Name
Office Depot
Years Remaining On Lease
3.7
Guarantor
Corporate Guarantee
Rentable SF
22,750
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$14.00

Investment Highlights

  • NNN Lease Structure with Limited Landlord Responsibilities
  • Corporate Guaranteed Investment
  • Historical Occupancy by Office Depot Since 1990
  • Located Next to I-90 And WA-290, Servicing 130,000+ Vehicles Per Day

Investment Overview

Office Depot is a single tenant investment property with a lease running to November 30, 2026 with one 5-year option to extend with a 10% rent increase. Office Depot has been in this building since its construction in 1990. This property sits in the core downtown area of Spokane, Washington offering an investor a leased investment with irreplaceable real estate on 2.18 acres of land.

Exclusively Listed By

Broker of Record

  • Joel Deis

    First Vice President/Regional Manager

    (206) 826-5700

    License(s): WA: 25469

    Washington

Financing By

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