Property Overview

1000 Boston Post Road in Old Saybrook, Connecticut is a free - standing Staples office supply store with a gross leasable area (GLA) of approximately 24,000 square feet and sits on a 9.7- acre lot. This Staples location is the only major office supply store that exists in a 15-mile radius and is unofficially one of the highest grossing Staples stores in the state of Connecticut. In addition to office supplies, this location also serves food and general merchandise.

There are five years remaining on a corporately guaranteed, double-net (NN) lease that expires in January of 2023. The guarantor is Staples Inc., who has a Standard & Poor’s (S&P) credit rating of B+. The Property is located along the southbound side of Boston Post Road (16,000 Vehicles Per Day (VPD)). The Property is in an area with an average household income of $115,000, which is well above the national average. Major institutions and retailers in the area include Super Stop & Shop, Walmart, Kohl’s, Big Y, Starbucks, Burger King, and McDonald’s, Old Saybrook High School, and among many others.

This Property presents a tremendous opportunity for qualified investors to acquire an asset in a dense retail corridor, in a neighborhood with favorable demographics.