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Office Max Properties For Sale 

    



Interested in Purchasing a Office Max Property for Investment?

 

If you wish to purchase a Office Max  property for investment, please email  info@nnndeals.com; We have access to an extensive inventory of triple net Office Max Properties for sale in Washington DC, Maryland, Virginia and the entire United States.  

 

 

Office Max

 

 
Price: 

$2M - $5M


Lease Term
:

10 – 15 Years


Increases:
 
10% Every 5 years 
Lease Extensions: 20 – 40 Years  

Lease Type
:
Absolute NNN Lease 

Lease
Guarantee: 

Corporate and Franchise
CAP Rate Ranges:
6% – 7%
Subsidiary
Brand
Industry Retail
Founded Cleveland,Ohio,U.S.(April 1, 1988)
Founder
  • Bob Hurwitz
  • Michael Feuer
Headquarters 6600 North Military Trail
Boca Raton, Florida,U.S.33449
Area served
United States, Canada and Mexico
Products Office supplies
Parent Office Depot
Website www.officedepot.com

   

About Office Max:

 

 

OfficeMax  was an American office supplies retailer founded in 1988. It is now a subsidiary of Office Depot, Inc., which is headquartered in Boca Raton, Florida.[1] As of December 2012, OfficeMax operated 941 stores in 47 states, Puerto Rico, the U.S. Virgin Islands and Mexico. In 2012, net sales were $6.9 billion, down from $8.3 billion in 2008.[2]

It was announced February 20, 2013, that Office Depot and OfficeMax will combine in an all-stock deal, which will create the largest U.S. office-supplies chain.[3] On November 5, 2013, the merger was completed.[4]  The OfficeMax name continues to serve as a brand of the newly formed Office Depot, Inc.

On April 1, 1988, OfficeMax was founded in Cleveland, Ohio, by Michael Feuer (who served as chairman and chief executive officer) along with seven other associates. On July 5, 1988, OfficeMax opened its first retail store in the  Golden Gate Shopping Center in Mayfield Heights, Ohio this location still remains open.

OfficeMax grew by acquisition with Office World first in November 1990 with Office World executive and Montgomery Ward becoming minority shareholders.[2] [Office Square]] stores in 1990 was purchased from Kmart, in exchange for a 22% equity stake.[3] In 1991, Kmart increased its stake in OfficeMax to 92%.[4] In January 1992, OfficeMax acquired five sites from  Highland Superstores in Boston. OW Office Warehouse, a Virginia-based regional chain, was acquired in June 30, 1992.[5] The company then acquired BizMart, its largest acquisition (104 stores) to date, in 1993 from  Intelligent Electronics. [6] ON August 16, 1993, Officemax join Kmart and most of its other specialty stores in the "largest power center" in Utica, Michigan and joined by Best Buy]].[7] OfficeMax acquires a 19% stake in Corporate Express, a contract stationer.[8] In May 1994, Kmart put a plan in front of its stockholders to sell 20% to 30% of each of its specialty store subsidaries shares on the open market to pay down debt and fund future expansion of the subsidaries.[9] Kmart's shareholders turn down the proposal at their June 3 annual meeting.[10] In November 1994, FurnitureMax store within a store concept begins testing in the Ceveland market.[11] In 1995, Kmart sold off 51% of OfficeMax shares, spinning off the company and became a NYSE-(OMX)-publicly-traded corporation, based in Shaker Heights, Ohio.[12]

 

Office Max  Properties For Sale Across the United States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky,  Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey,  New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma,  Oregon, Pennsylvania, Puerto Rico, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Virgin Islands,  Washington, West Virginia,  Wisconsin,  Wyoming    



 

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