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Single-Tenant Industrial

Frito Lay Distribution Center

3180 IN-18, Kokomo, IN 46902

Listing Price: $1,938,888

Cap Rate
5.40%
Gross SF
14,260
Price/Gross SF
$135.97
Lot Size
1.20 acres
Year Built
2002
Rentable SF
14,260

Investment Overview

The Frito-Lay Distribution Center in Kokomo, Indiana is a 14,200+ Square Foot Warehouse and Distribution Facility | At Lease Renewal, Tenant Agreed to a 11.2% Increase in Rent Plus Taking Over Additional Responsibilities, Including Insurance and Maintenance Recently Tenant Converted the Facility to a Product Exchange Center | Building Has 11 Loading Docks Including 2 Truck Wells Frito-Lay is the Snack-Food Division of PepsiCo, Inc., Which Generated $79.47 Billion Dollars in 2021 | Frito-Lay Produces Half PepsiCo’s Revenues and Two-Thirds of its Profits Secure, Stable Cash Flow | Frito-Lay Operates 30+ Manufacturing Facilities and More Than 200 Distribution Centers in the US and Canada Corporate Guarantee | New 10-Year Lease Signed June 1, 2022 | Landlord-Friendly NN+ Lease With No Renewal Options Remaining | Property Has Room for Expansion | Tenant Has Shown Commitment by Investing in Improvements in the Site Strategically Located Adjacent to Signalized Hard Corner of IN-18 & US-31 With a Combined Traffic Count of 25,157 VPD Populations Within Radius Distances of 60, 120, and 180 Miles from the Property are 2,954,579, 9,747,027, and 27,381,432, Respectively Kokomo, Indiana is a Rapidly Growing Area That Has Experienced 31% Population Growth since 2010

Investment Highlights

  • The Frito-Lay Distribution Center in Kokomo, Indiana is a 14,200+ Square Foot Warehouse and Distribution Facility
  • At Lease Renewal, Tenant Agreed to a 11.2% Increase in Rent Plus Taking Over Additional Responsibilities, Including Insurance and Maintenance
  • Recently Tenant Converted the Facility to a Product Exchange Center | Building Has 11 Loading Docks Including 2 Truck Wells
  • Corporate Guarantee | New 10-Year Lease Signed June 1, 2022 | Landlord-Friendly NN+ Lease With No Renewal Options Remaining

Exclusively Listed By

Single-Tenant Industrial

Frito Lay Distribution Center

Listing Price: $1,938,888

Cap Rate
5.40%
Gross SF
14,260
Price/Gross SF
$135.97
Lot Size
1.20 acres
Year Built
2002
Rentable SF
14,260

Investment Highlights

  • The Frito-Lay Distribution Center in Kokomo, Indiana is a 14,200+ Square Foot Warehouse and Distribution Facility
  • At Lease Renewal, Tenant Agreed to a 11.2% Increase in Rent Plus Taking Over Additional Responsibilities, Including Insurance and Maintenance
  • Recently Tenant Converted the Facility to a Product Exchange Center | Building Has 11 Loading Docks Including 2 Truck Wells
  • Corporate Guarantee | New 10-Year Lease Signed June 1, 2022 | Landlord-Friendly NN+ Lease With No Renewal Options Remaining

Investment Overview

The Frito-Lay Distribution Center in Kokomo, Indiana is a 14,200+ Square Foot Warehouse and Distribution Facility | At Lease Renewal, Tenant Agreed to a 11.2% Increase in Rent Plus Taking Over Additional Responsibilities, Including Insurance and Maintenance Recently Tenant Converted the Facility to a Product Exchange Center | Building Has 11 Loading Docks Including 2 Truck Wells Frito-Lay is the Snack-Food Division of PepsiCo, Inc., Which Generated $79.47 Billion Dollars in 2021 | Frito-Lay Produces Half PepsiCo’s Revenues and Two-Thirds of its Profits Secure, Stable Cash Flow | Frito-Lay Operates 30+ Manufacturing Facilities and More Than 200 Distribution Centers in the US and Canada Corporate Guarantee | New 10-Year Lease Signed June 1, 2022 | Landlord-Friendly NN+ Lease With No Renewal Options Remaining | Property Has Room for Expansion | Tenant Has Shown Commitment by Investing in Improvements in the Site Strategically Located Adjacent to Signalized Hard Corner of IN-18 & US-31 With a Combined Traffic Count of 25,157 VPD Populations Within Radius Distances of 60, 120, and 180 Miles from the Property are 2,954,579, 9,747,027, and 27,381,432, Respectively Kokomo, Indiana is a Rapidly Growing Area That Has Experienced 31% Population Growth since 2010

Exclusively Listed By

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