Price: $3,475,000
Sq. Ft.: 23,942
Cap Rate: 8.78%
Built: 2000

The subject property is a 23,942-square foot single-tenant building leased to Staples in Dallas, Texas. The double-net lease has a corporate guaranty from a publicly traded company (NASDAQ: SPLS) with a BBB rating from Standard & Poor’s. The tenant recently executed a five-year option for renewal and has three, five-year options remaining with rent increases scheduled at the beginning of each option period. Constructed in 2000, the building sits on 1.968 acres.

  • 23,942-Square Foot Single-Tenant Building Shadow Anchored by Walmart Supercenter and Sam’s Club
  • Double-Net Lease | Landlord Responsible for Roof and Structure
  • Corporate Guaranty from a Publicly Traded Company (NASDAQ: SPLS)
  • Investment Grade Tenant | BBB Rating from Standard & Poor’s
  • Tenant Recently Executed a Five Year Renewal Option and Has Three,
  • Five-Year Options Remaining with Rent Increases
  • In Line with Dollar Tree, The Shoe Department and Rainbow
  • Freeway Location with Excellent Visibility from I-30 and Loop 12 (Buckner Boulevard) | Traffic Counts are 209,850-VP on I-30 and 46,755-VPD on South Buckner Boulevard | Tenant Has Top Pylon Sign Position
  • Densely Populated Area with 347,300 Residents Within Five Miles