OfficeMax – Single-Tenant Corporate Net-Lease

1541 River Valley Cir N, Columbus, OH 43130
Price $3,008,000
Cap Rate 8.00%
NOI $240,711

For More Information

Spencer O’Donnell
714-400-6267

Property Description

INVESTMENT HIGHLIGHTS

  • Single-Tenant Corporate Guaranteed Lease – 3+ Years Remaining on NN Lease – Minimal Landlord Responsibilities

  • Long-Term Operating History Since 1998 – Numerous Lease Renewals Exercised

  • Upcoming Significant Rental Escalation in September 2026 (4.65% Increase)

  • One 5-Year Option – Additional Rental Increase in September 2028 at Renewal (11.6%)

  • Lease Backed by OfficeMax North America, Inc. – Fully Owned Subsidiary of The ODP Corporation

  • Fortune 500 Company (NASDAQ: ODP) – $7 Billion Annual Revenue – 27,000 Employees

  • Fee Simple Ownership (Land & Building) – Tax Depreciable Asset with Strong Cash Flows

  • Priced Well Below Replacement Cost – Value-Add Returns

  • Outparcel to River Valley Mall

    • Surrounding national retailers include Lowe’s, Meijer, Target, Dick’s, Walmart, Aldi, Best Buy, Giant Eagle, Hobby Lobby, and Kroger

Area Demographics

Radius
Population 2025
Median HH Income
Average HH Income
5 miles
40,135
$58,303
$79,342
10 miles
80,509
$59,456
$83,263
20 miles
185,157
$60,844
$84,916