OFFICE DEPOT | $5,626,500 | 8.00% CAP
The Deltondo Group and Marcus & Millichap are pleased to present for sale Office Depot a single-tenant property located at 9610 Pineville-Matthews Road, Charlotte (Pineville), North Carolina 28134.
The subject property is comprised of 31,015 square feet and was built in 1995. The building sits on a large 2.77 Acre lot located just off Pineville-Matthews Road which oversees 42,000+ Vehicles Per Day.
Office Depot has 3-years remaining on the initial 15-year term. Following the expiration of the lease Office Depot will have four, 5-year options with 10% increases to extend the term.
Formed by the merger of Office Depot and OfficeMax, Office Depot Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school, or car.
The company employs more than 38,000 associates, and serves consumers and businesses in 58 countries with more than 1,378 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, joint ventures, franchisees, licensees and alliance partners. The company’s portfolio of leading brands includes Office Depot, OfficeMax, OfficeMax Grand & Toy, Viking, Ativa, TUL, Foray, and DiVOGA.