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Office Supply

Office Depot

1410 Dogwood Dr SE, Conyers, GA 30013

Listing Price: $5,335,000

Cap Rate
7.50%
Tenant Name
Office Depot
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
20,515
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.50

Investment Overview

• Corporate Office Depot with over 5 years remaining in Conyers, GA - Less than 25 miles East of Downtown Atlanta - Great visibility from Interstate 20 which has over 90,000 cars/day • Long term occupancy - Office Depot has been at this location for 20 years - Office Depot (ODP Corporation - NASDAQ:ODP) was founded in 1986 and currently has nearly 1,100 locations - Total Revenue of $9.346 Billion • 24% rental increase in the 1st option bringing the CAP rate to 9.29% • Strong Placer data on this location - over 117,000 visitors the past 12 months ranking this store in the 61st percentile nationally (252/644) and 73rd percentile in GA (8/28) • Incredibly dense retail and industrial market - over 1 million SF of retail and nearly 5 million SF of industrial in the immediate area • 1.95 +/- acre out-parcel to Conyers Plaza - anchored by Walmart Supercenter and Home Depot - Per placer, Conyers Plaza had over 4.29M visitors the past 12 months which ranks the center in the 96th percentile nationally • Adjacent to Conyers Crossroads - anchored by Kohl’s, HomeGoods, Belk, AMC, and Best Buy - per placer, Conyers Crossroads had over 3.45M visitors the past 12 months which ranks the center in the 93rd percentile nationally • Conyers has become a big part of Georgia’s $2.9 billion dollar film industry - Conyers generated approximately $55 million in wages from the film industry in 2019 • Atlanta ranks as one of the nation’s top markets for Fortune 500 Companies with 15 companies headquartered in the MSA, including Coca-Cola, Delta, Home Depot & UPS - Atlanta also ranks among the highest in the nation for job growth, with nearly 200,000 positions added the last five years • Over 82,000 residents within 5 miles with an AHI over $76,000

Investment Highlights

  • Corporate Office Depot with over 5 years remaining in Conyers, GA - Less than 25 miles East of Downtown Atlanta - Great visibility from Interstate 20 which has over 90,000 cars/day
  • Long term occupancy - been at this location for 20 years - Office Depot (ODP Corporation - NASDAQ:ODP) was founded in 1986 and currently has nearly 1,100 locations - Total Revenue of $9.346 Billion
  • 24% rental increase in the 1st option bringing the CAP rate to 9.29%

Exclusively Listed By

Financing By

Office Supply

Office Depot

Listing Price: $5,335,000

Cap Rate
7.50%
Tenant Name
Office Depot
Years Remaining On Lease
5.2
Guarantor
Corporate Guarantee
Rentable SF
20,515
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$19.50

Investment Highlights

  • Corporate Office Depot with over 5 years remaining in Conyers, GA - Less than 25 miles East of Downtown Atlanta - Great visibility from Interstate 20 which has over 90,000 cars/day
  • Long term occupancy - been at this location for 20 years - Office Depot (ODP Corporation - NASDAQ:ODP) was founded in 1986 and currently has nearly 1,100 locations - Total Revenue of $9.346 Billion
  • 24% rental increase in the 1st option bringing the CAP rate to 9.29%

Investment Overview

• Corporate Office Depot with over 5 years remaining in Conyers, GA - Less than 25 miles East of Downtown Atlanta - Great visibility from Interstate 20 which has over 90,000 cars/day • Long term occupancy - Office Depot has been at this location for 20 years - Office Depot (ODP Corporation - NASDAQ:ODP) was founded in 1986 and currently has nearly 1,100 locations - Total Revenue of $9.346 Billion • 24% rental increase in the 1st option bringing the CAP rate to 9.29% • Strong Placer data on this location - over 117,000 visitors the past 12 months ranking this store in the 61st percentile nationally (252/644) and 73rd percentile in GA (8/28) • Incredibly dense retail and industrial market - over 1 million SF of retail and nearly 5 million SF of industrial in the immediate area • 1.95 +/- acre out-parcel to Conyers Plaza - anchored by Walmart Supercenter and Home Depot - Per placer, Conyers Plaza had over 4.29M visitors the past 12 months which ranks the center in the 96th percentile nationally • Adjacent to Conyers Crossroads - anchored by Kohl’s, HomeGoods, Belk, AMC, and Best Buy - per placer, Conyers Crossroads had over 3.45M visitors the past 12 months which ranks the center in the 93rd percentile nationally • Conyers has become a big part of Georgia’s $2.9 billion dollar film industry - Conyers generated approximately $55 million in wages from the film industry in 2019 • Atlanta ranks as one of the nation’s top markets for Fortune 500 Companies with 15 companies headquartered in the MSA, including Coca-Cola, Delta, Home Depot & UPS - Atlanta also ranks among the highest in the nation for job growth, with nearly 200,000 positions added the last five years • Over 82,000 residents within 5 miles with an AHI over $76,000

Exclusively Listed By

Financing By

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