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Office Supply

Office Depot

1311 Mormon Mill Rd, Marble Falls, TX 78654

Listing Price: $2,751,260

Cap Rate
6.75%
Tenant Name
Office Depot
Years Remaining On Lease
4.0
Guarantor
Corporate Guarantee
Rentable SF
18,571
Lease Type
Double Net
Rent Per Square Feet
$10.00

Investment Overview

The subject offering provides qualified investors with the opportunity to acquire a free-standing Office Depot in Marble Falls, Texas. Office Depot has been at this location for almost 20 years and executed a ten-year extension early in 2017, showing a strong commitment to this location. Office Depot has three five-year options remaining with built-in rent increases and currently pays a very sustainable ten dollars a foot. Additionally, the building is just over 18,000 square feet making it much more amenable to secondary uses than the traditional in-line location, if necessary. The current lease is double net in nature with the landlord responsible for maintenance of the roof and structure while the tenant is responsible for maintaining the parking lot, CAM, taxes, and insurance. Located just off Highway 281 in Marble Falls, this property benefits from strong traffic counts, excellent visibility, and strong retail synergy with the neighboring Home Depot and other national retailers. Marble Falls sits northwest of Austin, Texas, and has greatly benefited from the city’s continued growth. Marble Falls’s population has increased by almost 20 percent in the last decade and over 3,800 new homes are expected to be built in the next few years as Austin’s growth continues to push out into the Hill Country.

Investment Highlights

  • Best in Class Corporate Tenant
  • Austin MSA
  • New 10-Year Lease Exention Executed in 2017
  • Recently Replaced HVAC and Roof
  • Sustainable Rent Per Square Foot
  • Strong Population

Exclusively Listed By

Financing By

Office Supply

Office Depot

Listing Price: $2,751,260

Cap Rate
6.75%
Tenant Name
Office Depot
Years Remaining On Lease
4.0
Guarantor
Corporate Guarantee
Rentable SF
18,571
Lease Type
Double Net
Rent Per Square Feet
$10.00

Investment Highlights

  • Best in Class Corporate Tenant
  • Austin MSA
  • New 10-Year Lease Exention Executed in 2017
  • Recently Replaced HVAC and Roof
  • Sustainable Rent Per Square Foot
  • Strong Population

Investment Overview

The subject offering provides qualified investors with the opportunity to acquire a free-standing Office Depot in Marble Falls, Texas. Office Depot has been at this location for almost 20 years and executed a ten-year extension early in 2017, showing a strong commitment to this location. Office Depot has three five-year options remaining with built-in rent increases and currently pays a very sustainable ten dollars a foot. Additionally, the building is just over 18,000 square feet making it much more amenable to secondary uses than the traditional in-line location, if necessary. The current lease is double net in nature with the landlord responsible for maintenance of the roof and structure while the tenant is responsible for maintaining the parking lot, CAM, taxes, and insurance. Located just off Highway 281 in Marble Falls, this property benefits from strong traffic counts, excellent visibility, and strong retail synergy with the neighboring Home Depot and other national retailers. Marble Falls sits northwest of Austin, Texas, and has greatly benefited from the city’s continued growth. Marble Falls’s population has increased by almost 20 percent in the last decade and over 3,800 new homes are expected to be built in the next few years as Austin’s growth continues to push out into the Hill Country.

Exclusively Listed By

Financing By

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