Staples 1552 S Route 59 22,888 SF Retail Building Naperville, IL 60564 $4,971,046 CAD ($217.19 CAD/SF) 7.25% Cap Rate

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Staples property positioned within the Chicago MSA in Naperville, Illinois. Staples has been successfully operating from this location since 2006 and bene?ts from the strategic location next to Lowe’s Home Improvement. They have executed multiple lease extensions, demonstrating commitment. The current lease runs through March 2031 and contains two ?ve-year renewal options. Additionally, Staples is paying a low rent of $11.35 per square foot, with a $0.50 per square foot increase scheduled for March 2027.
The 22,888 square-foot building is located between Lowe’s Home Improvement and Ashley along Illinois Route 59, which experiences 68,000 vehicles per day. The property is also located just a short distance from U.S. Highway 34, carrying roughly 34,000 vehicles per day. The surrounding community is comprised of an affluent population that earns an average household income exceeding $173,000 within one mile. Additionally, there are more than 253,000 people living within a ?ve-mile radius of the property. The property ?ts into a large cluster of shopping centers along with Fox Valley Mall, a regional shopping destination. Nearby anchoring tenants include Walmart, Costco, The Home Depot, DICK’s Sporting Goods, Whole Foods, Menards, Meijer, Target, and many others. Additionally, Naperville Central High School (2,500 students) is located 4 miles northeast, and Waubonsie Valley High School (2,700 students) is situated roughly three miles to the east.
Staples Inc., founded in 1985 by Thomas G. Stemberg and Leo Kahn, opened its ?rst office supplies superstore in Brighton, Massachusetts, on May 1, 1986, pioneering the big-box retail model for office products targeted at small businesses and consumers. Following a 2017 acquisition by private equity ?rm Sycamore Partners, Staples was restructured into independently managed entities focused on North American operations, shifting emphasis toward B2B services and online fulfillment while maintaining a network of retail locations and next-day delivery to most of the U.S.; as a privately held company, it continues to serve businesses of all sizes with a commitment to productivity, sustainability, and innovative workplace solutions.