360 Real Estate Services, LLC is pleased to bring to the market 735 Tollgate Road. Staples recently expanded their footprint into the entirety of the building, and is making substantial investment into the infrastructure of the building to convert it over from general flex to suit their print shop requirements including electrical infrastructure, all new LED lighting and reconfiguring the interior layout. In addition, an exterior dock is being added to the facility by ownership as part of a Ten (10) Year extension effective upon Staples occupancy of the expansion premises scheduled for late 2nd Quarter/Early 3rd Quarter of 2026.
10 Years of NNN lease term with 3% annual bumps bring long term rent growth and stability to the project. The facility is located on Tollgate Road, less than a quarter mile off the I-90/Route 31 exchange with East/West access to the expressway. Minimal owner input is required on this strong cash flowing asset.
Investment Highlights
- Single Tenant NNN 10 Year Lease
- 3% Annual Growth
- Staples Credit
- Immediate Expressway Access
- Significant Investment by Staples in Facility Upgrades