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