Office Depot

Office Depot, Inc., together with its subsidiaries, supplies office products and services in North America. The company operates in two segments, North American Retail and North American Business Solutions. It offers office supplies, technology products and solutions, business machines and related supplies, facilities products, and office furniture, as well as copy and print services.

The company sells its products and services to consumers and businesses through office supply stores, a contract sales force, Internet sites, an outbound telephone account management sales force, direct marketing catalogs, and call centers. As of December 31, 2016, it operated 1,441 stores in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers its products under various labels, including Office Depot, OfficeMax, Foray, Ativa, TUL, Realspace, WorkPro, Brenton Studio, Highmark, Grand & Toy, and Viking Office Products. Office Depot, Inc. was founded in 1986 and is headquartered in Boca Raton, Florida.

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S&P Rating: N/R
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Typical Lease Characteristics

Lease Term: 10 – 15 Years  Years

Lease Type: Absolute NNN Lease 

Lease Increases: 10% Every 5 years 

Lease Extensions: 4-5 (5) Year Options

Lease Guarantor: Corporate

Positives:

  • Recognized Brand
  • NNN lease eliminates landlord responsibilities
  • Typically Long term leases with increases

Negatives:

  • Competitive Industry Sector
  • Susceptible to economic trends and pressures
  • Large spaces make it more challenging to re-tenant

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Office Depot Similar Tenants

Office Depot Company Profile

Headquarters Information

Boca Raton, Florida

Founded in 1986

Company type: Public

Sector: Services

Industry: Specialty Retail, Other

# of Employees: 38,000

S&P Rating: N/R
S&P Rating: N/R
No stock information is available for this tenant.
No news available for this tenant.

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