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__1452032192.png "Marcus & Millichap")
| Price $3,450,000 | Built/Renov 2001 | Tenant Office Depot |
| Cap Rate 6.54% | Lease Type
NN+ | Guarantor Corp Traded |
| Size/SF
20,087
| Lease Start
11-17-2000
| #Units
916
|
| Price/SF $171.75 | Expiration
08-31-2024
| Tenant Type General Retail |
| NOI $225,599 | R. Term 0.2 | Ownership Fee Simple |
| Rent/SF
$11.23
| Increases 0.0%/0/yrs | Pop 5Mi 133,127 |
| Lot/AC 2.42 | Options 0/0yrs | AHHI 5Mi $74,525 |
| | |
Office Depot is strategically located at the signalized, hard-corner intersection of Mt Zion Road and Diamond Drive, with access to 15,200 vehicles passing by daily. The property is adjacent to Lake Spivey Parkway (28,500 VPD) and is close to major thoroughfares, I-75 and I-675, with impressive traffic counts of 133,000 and 60,000 VPD. Additionally, the property is within a half-mile from...
...Hard corner intersection
In location for years
Dense retail corridor
Near major nationals
Strategically located
Top 100 MSA
Strong demographics
Favorable NN+ lease
Corporate Guarantee
Publicly traded company
Office Depot, Inc. (formerly The ODP Corporation) is the largest office supply retailer in the United States and a leading provider of products, services, and technology solutions . The...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 8,592 | 62,700 | 140,109 |
| 2023 Total Population : | 8,161 | 60,880 | 137,983 |
| 2023 Employed Civilian Pop : | 4,212 | 30,116 | 67,353 |
| 2023 Total Businesses : | 343 | 1,292 | 4,162 |
| 2023 Average Household Income : | $ 61,827 | $ 78,887 | $ 82,070 |
| 2023 Total Consumer Spending : | $ 188 M | $ 1510 M | $ 3590 M |
| 2023 Median Age : | 29 | 35 | 36 |
| 2023 Total Households : | 3,437 | 21,985 | 50,288 |
| 2023 Pop Age 25+: Bachelor's Degree : | 774 | 7,109 | 15,863 |
| 2023 Average Home Value : | $ 171,949 | $ 200,050 | $ 224,216 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Mount Zion Rd | State Hwy138 | 2003 | 8,900 | 0.05 mi |
| State Rte 138 | Mount Zion Rd | 2013 | 33,620 | 0.12 mi |
| Lake Spivey Parkway | Cameron Pkwy | 2018 | 43,700 | 0.15 mi |
| Lake Spivey Parkway | 2019 | 44,000 | 0.15 mi | |
| Lake Spivey Parkway | I- 75 | 2019 | 39,500 | 0.17 mi |
| 2019 | 12,600 | 0.30 mi | ||
| I 59 | State Hwy138 | 2019 | 143,000 | 0.33 mi |
| State Hwy138 | 2019 | 4,480 | 0.37 mi | |
| 2019 | 4,420 | 0.39 mi | ||
| 2019 | 12,900 | 0.40 mi |
Kill Devil Hills, NC
Cap Rate 6.15%
Lease Double NN
R. Term 9.50 yrs
Size/SF 4,000
Apex, NC
Cap Rate 5.85%
Lease Double NN
R. Term 9.11 yrs
Size/SF 5,925
Miami, FL
Cap Rate 6.50%
Lease Double NN
R. Term 7.50 yrs
Size/SF 3,481
Mount Pleasant, SC
Cap Rate 6.25%
Lease NN+
R. Term 4.70 yrs
Size/SF 3,500
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
