Skip to main content

Office Supply

Staples

1517 Joe Mann Blvd, Midland, MI 48642

Listing Price: $2,520,000

Cap Rate
9.50%
Tenant Name
Staples
Years Remaining On Lease
4.9
Gross SF
24,173
Guarantor
Corporate Guarantee
Rentable SF
24,173
Price/Gross SF
$104.25
Lease Type
Double Net
Rent Per Square Feet
$9.91

Investment Overview

Free standing Staples investment with 5 years remaining on NN lease in Midland, MI, home of Dow Chemical. The tenant reimburses for taxes, CAM and insurance. Staples is the only national office supply store in the market. Staples has occupied the property since it was built in 1998 and abuts Gordon Food Service (zero lot line).

Investment Highlights

  • Potential Value- Add Investment (Sub-divide)
  • 3 Mile Average Household Income- $111,000
  • Near Home Depot, Lowe's, Meijer, Kohl's, Walmart, Petsmart & Target
  • Five Years Remaining on Current NN Lease Term
  • Price Reflects 9.9% Cap Rate (Under $105 per Sq. Ft.)

Exclusively Listed By

Listing Price: $2,520,000

Cap Rate
9.50%
Tenant Name
Staples
Years Remaining On Lease
4.9
Gross SF
24,173
Guarantor
Corporate Guarantee
Rentable SF
24,173
Price/Gross SF
$104.25
Lease Type
Double Net
Rent Per Square Feet
$9.91

Investment Highlights

  • Potential Value- Add Investment (Sub-divide)
  • 3 Mile Average Household Income- $111,000
  • Near Home Depot, Lowe's, Meijer, Kohl's, Walmart, Petsmart & Target
  • Five Years Remaining on Current NN Lease Term
  • Price Reflects 9.9% Cap Rate (Under $105 per Sq. Ft.)

Investment Overview

Free standing Staples investment with 5 years remaining on NN lease in Midland, MI, home of Dow Chemical. The tenant reimburses for taxes, CAM and insurance. Staples is the only national office supply store in the market. Staples has occupied the property since it was built in 1998 and abuts Gordon Food Service (zero lot line).

Exclusively Listed By

MM Texture Background
MM Textured Background Lower