Investment Overview

The Frito-Lay Product Exchange Center (PEC) is a 5,968 square foot NNN distribution facility situated on 10.8 Acres of land in Northfield, NH. The town of Northfield is located within Merrimack County between Interstate 93 and Lake Winnipesaukee. The property maintains direct frontage along NH State Route 140 (10,000+ Vehicles Per Day) and is within 1.5 miles of Interstate 93 (30,000+ Vehicles Per Day), US Route 3 (23,000+ Vehicles Per Day) and over 1,000,000 square feet of retail in Tilton, NH. This parcel is located in a newly developed business park sharing access from South Park Drive with a newly built UPS distribution/trucking facility. The property was built to suit in 2024 for the tenant as part of an update and expansion of their Direct store Delivery System in order to maintain their 60% market share in the snacks space. The Product exchange Centers serve as a hub between the primary distribution network and the final retail partners acting as the last mile distribution connection. Frito-Lay signed a new 10 Year NNN Lease in 2024 with two options which allow for either a 3, 4 or 5 year term to be exercised by the tenant. The lease allows for annual increases of 2% throughout the remaining term of the lease with the options including a provision that allows for rent to be adjusted upward to 95% of the fair market value of the space but not below the then current rent. The site is well located to take advantage of the local highway and interstate network to effectively distribute the brands products throughout the Lakes Region which includes year round tourism from Lake Winnipesaukee to winter sports at Gunstock, Loon and Attitash mountain ski resorts. The 1,000,000+ square foot retail corridor is anchored by Walmart, Market Basket, Lowe’s, Home Depot, BJ’s, Kohl’s and the popular Tanger Outlets Tilton. This PEC is more than 60 miles away from the next closest PEC which is located along the Vermont border and is the newest and nearest PEC to the Frito Lay Distribution Center in Londonderry, NH.