We are pleased to present the opportunity to acquire one of the longest continuously operating Staples stores in the country with a 27+ year operating history. The lease was transitioned to Staples’ parent entity (USR Parent, Inc) in 2018, and the site now offers the strongest corporate guaranty in the Staples system. Simultaneously in 2018, Staples exercised their next option 4 years early for a rental increase of 21%, further highlighting tenant’s stability at this location. The oversized 9.7 AC parcel also allows for outparcel development of a drive-thru QSR or 4,000 sq. ft. of general retail. Until January 2025, there was a moratorium on drive-thru development in place, so an investor may capitalize on pent-up tenant demand via the now lifted restrictions on the outparcel. Located on Boston Post Rd, Old Saybrook’s main corridor, the site benefits from central market positioning and synergistic cotenancy in the direct area. With average household incomes in excess of $132,000 within a 5-mile radius, the customer base allows for continued tenant benefit in this historically successful location.