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OfficeMax 1541 River Valley Cir N 23,484 SF Retail Building Lancaster, OH 43130 $3,917,760 CAD ($166.83 CAD/SF) 8.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporately Guaranteed Lease
- Strong Retail Corridor
- Scheduled Rent Escalations
- Established Tenant History
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for an OfficeMax located at 1541 River Valley Circle North, Lancaster, OH 43130. The site consists of roughly 23,484 rentable square feet of building space on an estimated 3.24-acre parcel of land. OfficeMax is subject to a 30.5-year Double Net (NN) lease, which commenced 3.10.1998. The current annual rent is $240,711 and has scheduled increases in the base term and at its option period.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
23,484 SF
Building Class
C
Year Built
1998
Price
$3,917,760 CAD
Price Per SF
$166.83 CAD
Cap Rate
8.50%
NOI
$332,997 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
3.24 AC
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
- 23,484 SF
- $14.18 CAD
- Triple Net
- Aug 2028
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. Office Depot, Inc. is a resource and a catalyst to help customers work better. The company is a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 23,484 SF | $14.18 CAD | Triple Net | Aug 2028 |
NEARBY MAJOR RETAILERS
Fifth Third Bank
PROPERTY TAXES
| Parcel Number | 05-31010-330 | Improvements Assessment | $439,315 CAD |
| Land Assessment | $449,615 CAD | Total Assessment | $888,930 CAD |
PROPERTY TAXES
Parcel Number
05-31010-330
Land Assessment
$449,615 CAD
Improvements Assessment
$439,315 CAD
Total Assessment
$888,930 CAD
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OfficeMax | 1541 River Valley Cir N
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