|Listing Staples the Office Superstore|
The subject property consists of the ownership of improved land (1.42 acres) occupied by a 24,049 square foot Staples The Office Superstore commercial retail building. The property is located directly on South Washington Street, just north of W. Bismarck Expressway. The property was originally developed in 1998 and recent remodeled and updated by Staples. As proof of Staples commitment to the property, in December 2012, Staples extended the lease for an additional five years to the original 15 year lease. The lease now expires February 28, 2019 with three (3) five (5) year options to renew. Staples is the world’ s largest office products company with over 2,000 stores in 26 countries and over $24 billion in annual sales. A member of the Fortune 500, Staples serves businesses and consumers in 27 countries throughout North and South America, Europe, Asia and Australia. It is regarded as one of the top 5 Most Admired specialty retailers in the world. Staples is traded on the NASDAQ ( SPLS ) and has a market capitalization of $11.4 billion. Its credit is rated investment grade by Moody’ s and Standard and Poor’ s.
Staples the Office Superstore