← Back to search
Photography available after free registration below
Virtual Drive-By

Office Depot NNN

801 Sunland Park Dr · El Paso, TX 79912 · Specialty Retail

Asking price
$4,916,482
Cap rate
8.50%
NOI
$417,901

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease typeNNN
Term remaining3.8 yrs
Expiration05/2030
Rent bumps—
Options—
Ground lease—
Credit profileCorporate Guarantee
TenancySingle

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF25,000
Price / SF$197
Year built1992
Lot size1.60 ac
TypeStorefront, Office Supplies
Days on market368

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Absolute Triple-Net (NN) Lease | Zero (0) Landlord Responsibilities | The tenant is subject to an absolute triple-net lease with zero landlord responsibilities, offering a prospective landlord with truly passive income.

  • ​Strong Site Commitment | ODP Corporation (NASDAQ: ODP) Organized The Sale Leaseback Of This Site And Eight (8) Other Office Depot Locations In 2008 | Tenant Recently Exercised Its First (1st) Five-Year Option | The subject property was originally a sale leaseback conducted by the tenant in 2008. The tenant has been operating here since 1993 (32+ years).

  • ​32+ Year Operating History | Tenant Reports Strong Store Sales | Contact The Listing Agents For More Details | The tenant has operated at this location for 32+ years, indicating a strong commitment to the site. Please contact the listing agents for more information on the store’s performance.

Property overview

Surmount is pleased to present the exclusive listing for a Office Depot located at 801 Sunland Park Drive, El Paso, Texas 79912.​ The site consists of roughly 25000 rentable square feet of building space on an estimated 1.6-acre parcel of land.​ This Office Depot is subject to a 21-year Triple Net (NNN) lease, which commenced 9/15/2008.​ The current annual rent is $417,901 and has scheduled increases of 10.00% In Options.​

Take the next step on this property

We represent buyers on a cooperating commission basis. On the majority of transactions there is no separate fee to you.

Register to view photography and request the offering memorandum

Property details and lease terms are open. Photography, the offering memorandum, lease abstract and due diligence materials are shared with registered buyers.

Optional. On time-sensitive listings a call reaches you faster than email. We will not use it for automated calls or texts.

Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.