Staples, Inc. is an American multinational office supply retailing corporation, with over 1,500 stores in North America. Headquartered in Framingham, Massachusetts, Staples also does business extensively with enterprises in the United States and Canada, and as Staples Business Advantage. Staples sells supplies which include staples, office machines, promotional products, technology, and business services both in stores and online. The company opened its first store in Brighton, Massachusetts on May 1, 1986.

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S&P Rating: B+

S&P Outlook: Stable

Moody Rating: B1

Moody Outlook: Stable

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


  • Public Company, Credit Rated
  • Typically Long term leases with increases


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

Market Snapshots:

On Market Ranges:

# of Properties in set: 12

Price: $3,265,110 - $4,353,480Average: $3,887,039

PPSF: $160 - $210Average: $184

Year Built: 1996 - 2009Average: 2000

CAP Rate Range: 6.67% - 8.17%Average: 7.49%

Size range: 14,597 sq ft - 24,572 sq ft Average: 21,893 sq ft

Last 12 Month Range:

# of Properties in set: 8

Price: $9,767,710 - $11,118,570Average: $10,391,183

PPSF: $196 - $248Average: $213

Year Built: 1969 - 2018Average: 2000

CAP Rate Range: 6.39% - 8.86%Average: 7.70%

Size range: 15,295 sq ft - 599,018 sq ft Average: 92,774 sq ft

Staples Similar Tenants

Staples Company Profile

Headquarters Information

Framingham, Massachusetts

Founded in 1986

Company type: Private

Stock Ticker: SPLS

Industry: Retail

# of Employees: 79,075

S&P Rating: B+

S&P Outlook: Stable

S&P Rating: B1

Moody Outlook: Stable

Staples Stock Keys

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