1710 Wellman Rd
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1710 Wellman Rd
5,967 SF Industrial Building Marion, SC 29571 £2,942,048 (£493/SF) 6.63% Net Initial Yield
Executive Summary
FRITO-LAY/ PEPSICO – Frito-Lay is a market leader of the snack industry nationwide and owned by PepsiCo, Inc. Frito-Lay continues to outperform their competitors through the brands of Lay’s, Doritos, Fritos, Cheetos, Tostitos, Sun Chips, Ruffles, and many more. In 2023, Frito-Lay accounted for 27% of PepsiCo’s $91.4 Billion Revenue and 42% of their $13.8 Billion Operating Profit (13% YOY Increase). With roots dating back to 1898, PepsiCo formed when Frito-Lay merged with Pepsi-Cola in 1965. Today, PepsiCo Inc. maintains an A+ Credit Rating.
NEW CONSTRUCTION / FUNCTIONAL INDUSTRIAL – This 5,967 sq. ft. distribution warehouse serves as a Product Exchange Center for Frito-Lay/PepsiCo all on 2.921 acres of land (4.69% Building/Lot Coverage). Featuring 5 docks and abundant yard space for truck loading and parking – this property is a highly functional distribution facility.
LONG TERM INDUSTRIAL NNN LEASE / ANNUAL RENT INCREASES – PepsiCo Global Real Estate, Inc. signed a new 10-year Industrial NNN lease with 2.00% annual rent increases allowing a strong hedge against inflation.
STRATEGIC LOGISTICS LOCATION – Marion, SC is within the Florence submarket along the I-95 corridor connecting Miami, FL to New York City. Marion’s proximity to the I-95 and I-20 offers a strategic location for warehousing and distribution with easy access to major Southeast markets such as:
Myrtle Beach, SC (1 hr Drive)
Columbia, SC (1 hr 30 Min Drive)
Charlotte, NC (2 hr 30 Min Drive)
Charleston, SC (2 hr 30 Min Drive) - The Port of Charleston is one of the fastest-growing and most efficient ports in the U.S
STRONG MARKET FUNDAMENTALS - Marion and South Carolina as a whole maintain strong market fundamentals due to a favorable business climate, strategic location, and ongoing economic growth. South Carolina’s pro-business tax structure, coupled with incentives for industries like manufacturing, logistics, and distribution, attracts diverse companies and drives demand for industrial and commercial properties. Additionally, the state’s growing population and infrastructure investments, such as the expansion of Charleston’s port, support long-term value appreciation and attract a stable tenant base.
NEW CONSTRUCTION / FUNCTIONAL INDUSTRIAL – This 5,967 sq. ft. distribution warehouse serves as a Product Exchange Center for Frito-Lay/PepsiCo all on 2.921 acres of land (4.69% Building/Lot Coverage). Featuring 5 docks and abundant yard space for truck loading and parking – this property is a highly functional distribution facility.
LONG TERM INDUSTRIAL NNN LEASE / ANNUAL RENT INCREASES – PepsiCo Global Real Estate, Inc. signed a new 10-year Industrial NNN lease with 2.00% annual rent increases allowing a strong hedge against inflation.
STRATEGIC LOGISTICS LOCATION – Marion, SC is within the Florence submarket along the I-95 corridor connecting Miami, FL to New York City. Marion’s proximity to the I-95 and I-20 offers a strategic location for warehousing and distribution with easy access to major Southeast markets such as:
Myrtle Beach, SC (1 hr Drive)
Columbia, SC (1 hr 30 Min Drive)
Charlotte, NC (2 hr 30 Min Drive)
Charleston, SC (2 hr 30 Min Drive) - The Port of Charleston is one of the fastest-growing and most efficient ports in the U.S
STRONG MARKET FUNDAMENTALS - Marion and South Carolina as a whole maintain strong market fundamentals due to a favorable business climate, strategic location, and ongoing economic growth. South Carolina’s pro-business tax structure, coupled with incentives for industries like manufacturing, logistics, and distribution, attracts diverse companies and drives demand for industrial and commercial properties. Additionally, the state’s growing population and infrastructure investments, such as the expansion of Charleston’s port, support long-term value appreciation and attract a stable tenant base.
Property Facts
| Price | £2,942,048 | Lot Size | 2.92 AC |
| Price Per SF | £493 | Rentable Building Area | 5,967 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 6.63% | Year Built | 2024 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Dock-High Doors/Loading | 5 |
| Building Class | B |
| Price | £2,942,048 |
| Price Per SF | £493 |
| Sale Type | Investment |
| Net Initial Yield | 6.63% |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | B |
| Lot Size | 2.92 AC |
| Rentable Building Area | 5,967 SF |
| Number of Floors | 1 |
| Year Built | 2024 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 5 |
PROPERTY TAXES
| Parcel Number | 055-00-00-121-000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £2,192 |
PROPERTY TAXES
Parcel Number
055-00-00-121-000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£2,192
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1710 Wellman Rd
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