Brauvin Net Lease, LLC has acquired a 24,049 square foot Staples office supply retail location in Valparaiso, IN for $3,520,000 plus closing costs. The property is leased to a wholly-owned subsidiary of Staples, Inc. (Nasdaq: SPLS), the number one office supply operator in the United States. Staples has over 2,000 office superstores nationwide. Staples generated fiscal year 2008 revenues of $18.1 billion and the company has a Standard and Poor’s investment grade rating of BBB. 

“The Valparaiso Staples is an excellent addition to the Brauvin portfolio.” said James L. Brault, President of Brauvin. “Staples’s investment grade rating of BBB will contribute to the overall strength of our portfolio. The property’s location near Valparaiso University and a Super Wal-Mart adds to the property’s inherent value. We believe this asset will be a strong, long-term performer.”

Brauvin Net Lease, LLC specializes in the acquisition of single tenant, net lease properties throughout the United States. Brauvin has acquired assets in thirty-three states to date and has significant discretionary funding capacity. More information on Brauvin is available at brauvin.com.