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Shopping Regional

Office Depot & Lade Electric | New 10-Year Lease

2406 Westgate Dr, Albany, GA 31707

Listing Price: $3,603,922

Cap Rate
9.00%
Gross SF
29,977
Rentable SF
29,977
Price/Gross SF
$120.22
Lot Size
2.60 acres
Year Built
1997

Investment Overview

The ODP Corporation (NASDAQ:ODP) is a leading provider of products, services, and technology solutions through an integrated business-to-business (B2B) distribution platform and omni-channel presence, which includes supply chain and distribution operations, dedicated sales professionals, a B2B digital procurement solution, online presence, and a network of Office Depot and OfficeMax retail stores. Through its operating companies ODP Business Solutions, LLC; Office Depot, LLC; Veyer, LLC; and Varis, Inc, The ODP Corporation empowers every business, professional, and consumer to achieve more every day.

“U.S. Electrical Services, Inc. is one of the country’s largest independent electrical supply distributors. We’re made up of 14 companies - some of which have been around for more than a century. We strive to hold a reputation for being both a great company to work for and a great company to work with.

Founded in the humble Atlanta suburb of Tucker, from the start Lade Electric believed in providing quality products, knowledgeable staff, and the best customer service. For 50 years we have lived those values and are proud to be one of the best electrical supply houses in the southeast. Today, the company boasts a 150,000-square-foot distribution center in our hometown of Tucker, GA with over $15 million in-stock inventory.”

Investment Highlights

  • 100% LEASED TO TWO (2) TENANTS
  • TENANTS REIMBURSE FOR CAM, TAXES AND INSURANCE
  • 25+ YEAR OPERATING HISTORY FOR OFFICE DEPOT
  • NEW 10-YEAR LEASE WITH U.S. ELECTRIC SERVICES, INC.
  • DAWSON ROAD | 23,800 VPD
  • GOOD POPULATION | 70,000+ 5-MILE POPULATION
  • STRONG RETAIL CORRIDOR ON DAWSON ROAD

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Financing By

Shopping Regional

Office Depot & Lade Electric | New 10-Year Lease

Listing Price: $3,603,922

Cap Rate
9.00%
Gross SF
29,977
Rentable SF
29,977
Price/Gross SF
$120.22
Lot Size
2.60 acres
Year Built
1997

Investment Highlights

  • 100% LEASED TO TWO (2) TENANTS
  • TENANTS REIMBURSE FOR CAM, TAXES AND INSURANCE
  • 25+ YEAR OPERATING HISTORY FOR OFFICE DEPOT
  • NEW 10-YEAR LEASE WITH U.S. ELECTRIC SERVICES, INC.
  • DAWSON ROAD | 23,800 VPD
  • GOOD POPULATION | 70,000+ 5-MILE POPULATION
  • STRONG RETAIL CORRIDOR ON DAWSON ROAD

Investment Overview

The ODP Corporation (NASDAQ:ODP) is a leading provider of products, services, and technology solutions through an integrated business-to-business (B2B) distribution platform and omni-channel presence, which includes supply chain and distribution operations, dedicated sales professionals, a B2B digital procurement solution, online presence, and a network of Office Depot and OfficeMax retail stores. Through its operating companies ODP Business Solutions, LLC; Office Depot, LLC; Veyer, LLC; and Varis, Inc, The ODP Corporation empowers every business, professional, and consumer to achieve more every day. “U.S. Electrical Services, Inc. is one of the country’s largest independent electrical supply distributors. We’re made up of 14 companies - some of which have been around for more than a century. We strive to hold a reputation for being both a great company to work for and a great company to work with. Founded in the humble Atlanta suburb of Tucker, from the start Lade Electric believed in providing quality products, knowledgeable staff, and the best customer service. For 50 years we have lived those values and are proud to be one of the best electrical supply houses in the southeast. Today, the company boasts a 150,000-square-foot distribution center in our hometown of Tucker, GA with over $15 million in-stock inventory.”

Exclusively Listed By

  • Robby Pfeiffer

    Senior Managing Director Investments

    (678) 808-2770

    Email Robby

    License(s): GA: 281335, AL: 000091407-1

    Atlanta

Financing By

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