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Office Supply

OfficeMax | (NASDAQ: ODP) | 28 Yr. Hist. Occupancy

7250 Woodward Ave, Woodridge (Chicago MSA), IL 60517

Listing Price: $2,343,000

Cap Rate
9.00%
Tenant Name
OfficeMax
Years Remaining On Lease
0.7
Guarantor
Corporate Guarantee
Rentable SF
24,808
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.50

Investment Overview

Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 48k Vehicles. Densely Populated Area with Over 250k Residents Within a 5-Mile Radius With an Average Household Income of Over $117,843. Prime accessibility directly off Exit 15 of Interstate-355 (“I-355”) at the intersection of Woodward Avenue and 75th Street. Centerpointe of Woodridge is a single level, open air shopping center situated on approximately 42.87 acres and conveniently located 7200 Woodward Avenue, at the intersection of I-355 and 75th Street in Woodridge, DuPage County, Illinois. OfficeMax is an American office supplies retailer founded in 1988. It is now a subsidiary of The ODP Corporation, which is headquartered in Boca Raton, Florida. As of December 2012, OfficeMax operated 941 stores in 47 states, Puerto Rico, the U.S. Virgin Islands and Mexico.

Investment Highlights

  • OfficeMax Has Successfully Been Operating at This Location Since 1993
  • Tenant has Exercised its First Option in the Lease and has Nine (9), Five (5)-Year Options Remaining
  • The Subject Property is approximately 24,808 Square Feet Situated on a ±2.42 Acre Separated Parcel

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s) IL: 471.011175

    Illinois

Office Supply

OfficeMax | (NASDAQ: ODP) | 28 Yr. Hist. Occupancy

Listing Price: $2,343,000

Cap Rate
9.00%
Tenant Name
OfficeMax
Years Remaining On Lease
0.7
Guarantor
Corporate Guarantee
Rentable SF
24,808
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$8.50

Investment Highlights

  • OfficeMax Has Successfully Been Operating at This Location Since 1993
  • Tenant has Exercised its First Option in the Lease and has Nine (9), Five (5)-Year Options Remaining
  • The Subject Property is approximately 24,808 Square Feet Situated on a ±2.42 Acre Separated Parcel

Investment Overview

Positioned Along Area’s Major Retail & Traffic Corridor: Features Easy Access & Excellent Visibility with Daily Traffic Counts Exceeding 48k Vehicles. Densely Populated Area with Over 250k Residents Within a 5-Mile Radius With an Average Household Income of Over $117,843. Prime accessibility directly off Exit 15 of Interstate-355 (“I-355”) at the intersection of Woodward Avenue and 75th Street. Centerpointe of Woodridge is a single level, open air shopping center situated on approximately 42.87 acres and conveniently located 7200 Woodward Avenue, at the intersection of I-355 and 75th Street in Woodridge, DuPage County, Illinois. OfficeMax is an American office supplies retailer founded in 1988. It is now a subsidiary of The ODP Corporation, which is headquartered in Boca Raton, Florida. As of December 2012, OfficeMax operated 941 stores in 47 states, Puerto Rico, the U.S. Virgin Islands and Mexico.

Exclusively Listed By

Broker of Record

  • Steven D. Weinstock

    First Vice President / Regional Manager / Designated Managing Broker

    (630) 570-2200

    License(s): IL: 471.011175

    Illinois

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