Staples

Highlights:

• Brand-new 10-year lease extension. Staples has committed to a fresh 10-year term (through 2037), with two additional 5-year options — a strong signal of the store’s long-term importance to the chain, backed by a 25+ year operating history at this location.
• Top-performing location per Placer.ai. The store is the #1 most-visited Staples within a 15-mile radius (1 of 5), ranks in the 86th percentile in California (18 of 125), and the 90th percentile nationwide (86 of 901).
• New roof and new HVAC. New roof (completed 2025, 12-year warranty) and recently funded a full replacement of all eight rooftop HVAC units, completing by year-end 2027. A new owner steps into a freshly capitalized building with minimal near-term capital exposure.
• 7.5% rental increases. Base rent escalates roughly 7.5% every five years through both the primary term and options, hedging inflation and steadily growing NOI.
• Large, hard-corner parcel. A ~23,143 SF building on a ±60,984 SF (±1.4 AC) — a parking-rich, high-visibility corner with long-term flexibility and redevelopment optionality.
• Premier retail corridor adjacent to Riverside Plaza. Steps from Riverside Plaza, a dominant trade-area destination, and surrounded by strong national and regional tenants including Trader Joe’s, Chick-fil-A, Islands, and Regal Riverside.

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