Listing Summary
This highly desirable investment property, recently upgraded to Frito-Lay’s specifications, offers a secure and lucrative opportunity. With over 10,000 SF of space, including a warehouse and office areas, the facility is strategically located along the I-19 corridor, serving as a critical last-mile distribution hub. Leased by Frito-Lay, the market leader in the U.S. snack food industry and backed by PepsiCo, this property promises long-term stability and growth potential, with room for further expansion.
Full Description
This exceptional investment property promises strong returns, starting with a solid 6.75% cap rate and climbing to an impressive 8.07% by year 10, offering an average blended cap rate of 7.39%. Recent, extensive renovations have tailored the facility to meet Frito-Lay's exacting standards, including an expanded building, new dock high doors, enhanced infrastructure, and the potential to further expand by an additional 8,000 square feet. Leased by Frito-Lay, the undisputed leader in the U.S. snack food market and backed by PepsiCo, a global powerhouse with over $91B in annual revenue, this property offers unparalleled security. The lease features annual rental increases, ensuring consistent growth, while the absence of tenant renewal options opens the door for future upside. Strategically located along the bustling I-19 corridor, this property serves as a vital last-mile distribution center for Frito-Lay, benefiting from prime highway access that connects the U.S.-Mexico border to Tucson. With over 10,000 SF of cutting-edge facilities, including 6,090 SF of warehouse space and 4,200 SF of modern office space, this property is perfectly positioned to capitalize on Frito-Lay’s ongoing expansion and the region’s booming logistics market.
Quick Glance
- Listing ID:
CL-Arizona-11647
- Status:
Active
- Year Build:
2001
- Building Size:
10,290 SqFt
- Lot Size:
2.00 Acre