|Price Range 12mo avg:||$2M – $4.4M|
|$/sf 12mo avg:||$127.46|
|CAP Rate 12mo avg:||8.40%|
|Lease Terms:||13yrs NN|
|Building Size avg:||22,900 SF|
|Lot Size avg:||1.30+/- acres|
Office Depot, Inc. is a global supplier of office products and services. The company was incorporated in 1986 with the opening of our first retail store in Fort Lauderdale, Florida. Formed by the merger of Office Depot and OfficeMax, Office Depot, Inc. is a leading global provider of products, services, and solutions for every workplace – whether your workplace is an office, home, school, or car.
Office Depot, Inc. is a resource and a catalyst to help customers work better. We are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials.
The company has combined pro forma annual sales of approximately $16 billion, employs more than 56,000 associates, and serves consumers and businesses in 56 countries with more than 1,800 retail stores, award-winning e-commerce sites and a dedicated business-to-business sales organization – all delivered through a global network of wholly owned operations, joint ventures, franchisees, licensees and alliance partners. The company operates under several banner brands including Office Depot, OfficeMax, OfficeMax Grand & Toy, Reliable and Viking. The company’s portfolio of exclusive product brands include TUL, Foray, DiVOGA, Ativa, WorkPRO, Realspace and HighMark.
|S&P Credit Rating:||B-|
|Moody’s Credit Rating:||B2|
|Annual Revenue 2014:||$16.10B|
|Annual Revenue 2013:||$11.24B|
|Revenue Growth:||↑ 43% from 2013|
|Units (Dec. 2014)||1,745|
|Average Units Volume:||$9.2M|
On February 4, 2015, Staples, Inc. (“Staples”) and the Company announced that the companies have entered into a definitive merger agreement (the “Staples Merger Agreement”), under which Staples will acquire all of the outstanding shares of Office Depot and the Company will become a wholly owned subsidiary of Staples (the “Staples Acquisition”). Under the terms of the Staples Merger Agreement, Office Depot shareholders will receive, for each Office Depot share held by such shareholders, $7.25 in cash and 0.2188 of a share in Staples common stock at closing.Each employee share-based award outstanding at the date of the agreement will vest upon the effective date of the Staples Acquisition. The transaction has been approved by both companies’ Board of Directors and the completion of the Staples Merger is subject to customary closing conditions including, among others, the approval of Office Depot shareholders and various regulatory approvals. The transaction is anticipated to close before the end of 2015. Refer to the Company’s Form 8-K filed February 4, 2015 for additional information on the transaction. We cannot guarantee that the Staples Acquisition will be completed or that, if completed, it will be exactly on the terms as set forth in the Staples Merger Agreement.
Yahoo! Finance: ODP News Latest Financial News for ODP
Office Depot Becomes Installation Partner for Google and Nest Smart Devices
on December 12, 2018 at 7:00 pm
Office Depot, Inc. (ODP), a leading omnichannel provider of business services and supplies, products and technology solutions, is now a certified installation partner for Google and Nest smart home devices. This means that customers can not only buy their Google Home Minis and Nest cameras, thermostats and more from Office Depot, they can also have them installed and connected to their other smart home devices as well. As a Nest Pro Partner, Office Depot’s Workonomy™ Tech Services can install a single device or integrate several smart devices, creating a secure integrated smart home or office. […]
See what the IHS Markit Score report has to say about Office Depot Inc.
on December 10, 2018 at 1:00 pm
Office Depot Inc NASDAQ/NGS:ODP […]
Why Office Depot Stock Soared 26% in November
on December 5, 2018 at 8:53 pm
The struggling office supply chain may survive after all. […]
Factors of Influence in 2018, Key Indicators and Opportunity within CEVA, Transdigm Group, Frontline, FedEx, Chevron, and Office Depot — New Research Emphasizes Economic Growth
on November 30, 2018 at 12:30 pm
NEW YORK, Nov. 30, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,. […]
Office Depot to buy back $100M in stock
on November 20, 2018 at 4:43 pm
Office Depot announced Tuesday that it will buy back $100 million of its stock next year and reduce debt, part of the company's mission to improve its financial outlook and increase stock value for shareholders. The Boca Raton-based office supply company (Nasdaq: ODP) will begin its new stock repurchase program on Jan. 1. In a news release, the company also said it successfully repriced a term loan due in 2022. […]