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Net Lease

Performance Food Group

4901 Asher Ave, Little Rock, AR 72204

Listing Price: $13,434,000

Cap Rate
6.50%
Lot Size
41.82 acres
Year Built
1985
Rentable SF
299,177

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale this Performance Food Group located on Asher Avenue (U.S. Route 70) in Little Rock, Arkansas. The property is a 299,177-square-foot facility sitting on 41.82 acres. The facility is comprised of three buildings with 13 drive-in doors and 50 dock doors. There are over three years of lease term remaining on an Absolute Net lease, and the lease offers five, five-year renewal options. Performance Food Group is an industry leader and one of the largest food and foodservice distribution companies in North America with more than 150 locations in the U.S. and parts of Canada. Founded and headquartered in Richmond, Virginia, PFG and its family of companies market and deliver quality food and related products to over 300,000 locations including independent and chain restaurants; businesses, schools and healthcare facilities; vending and office coffee service distributors; and big box retailers, theaters and convenience stores. PFG’s success as a Fortune 200 company is achieved through its more than 35,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities it serves. Little Rock is situated in central Arkansas and is the state’s capital city, as well as the cultural and economic center. The region is known as a hub for government jobs, yet it also boasts a sizable medical services sector. The metro is composed of six counties, and its population is expected to swell by 30,000 people in the next five years, with Pulaski and Faulkner counties being epicenters of the growth.

Investment Highlights

  • Cold Storage and Distribution Center Leased to Performance Food Group Inc. (PFG)
  • PFG Annual Revenue Fiscal Year 2022: $50.9 Billion
  • Guaranty: Performance Food Group Inc.
  • Absolute Net Lease
  • Below Market Rents
  • PFG has Leased the facility Since 2004
  • Construction Type: Concrete Tilt Wall
  • Entrances on Asher Avenue, 34th Street, and Mabelvale Pike Providing Easy Access for Trucks

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s) AR: PB00066390

    Arkansas

Financing By

Net Lease

Performance Food Group

Listing Price: $13,434,000

Cap Rate
6.50%
Lot Size
41.82 acres
Year Built
1985
Rentable SF
299,177

Investment Highlights

  • Cold Storage and Distribution Center Leased to Performance Food Group Inc. (PFG)
  • PFG Annual Revenue Fiscal Year 2022: $50.9 Billion
  • Guaranty: Performance Food Group Inc.
  • Absolute Net Lease
  • Below Market Rents
  • PFG has Leased the facility Since 2004
  • Construction Type: Concrete Tilt Wall
  • Entrances on Asher Avenue, 34th Street, and Mabelvale Pike Providing Easy Access for Trucks

Investment Overview

Marcus & Millichap is pleased to exclusively offer for sale this Performance Food Group located on Asher Avenue (U.S. Route 70) in Little Rock, Arkansas. The property is a 299,177-square-foot facility sitting on 41.82 acres. The facility is comprised of three buildings with 13 drive-in doors and 50 dock doors. There are over three years of lease term remaining on an Absolute Net lease, and the lease offers five, five-year renewal options. Performance Food Group is an industry leader and one of the largest food and foodservice distribution companies in North America with more than 150 locations in the U.S. and parts of Canada. Founded and headquartered in Richmond, Virginia, PFG and its family of companies market and deliver quality food and related products to over 300,000 locations including independent and chain restaurants; businesses, schools and healthcare facilities; vending and office coffee service distributors; and big box retailers, theaters and convenience stores. PFG’s success as a Fortune 200 company is achieved through its more than 35,000 dedicated associates committed to building strong relationships with the valued customers, suppliers and communities it serves. Little Rock is situated in central Arkansas and is the state’s capital city, as well as the cultural and economic center. The region is known as a hub for government jobs, yet it also boasts a sizable medical services sector. The metro is composed of six counties, and its population is expected to swell by 30,000 people in the next five years, with Pulaski and Faulkner counties being epicenters of the growth.

Exclusively Listed By

Broker of Record

  • Anne Williams

    First Vice President Investments

    (901) 620-3600

    License(s): AR: PB00066390

    Arkansas

Financing By

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