Frito-Lay Distribution Center | 54 Parker Rd
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Frito-Lay Distribution Center 54 Parker Rd
7,653 SF 100% Leased Industrial Building Barre, VT 05641 £3,119,783 (£408/SF) 6.50% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Long-Term, 10-Year Double Net (NN) Lease
- Approximately 9.9 Years Remaining
- Construction Completed in June 2024
EXECUTIVE SUMMARY
NNN Pro Group is pleased to present the exclusive listing for a Frito-Lay last mile distribution center located at Parker Road in Barre, VT. The site consists of roughly 7,653 rentable square feet of building space on an estimated 2.99-acre parcel of land. Frito-Lay is subject to a 10-year double-net (NN) lease, which commenced June 15th, 2024. The current annual rent is $254,983 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 2, 5-year renewal options.
PROPERTY FACTS
| Price | £3,119,783 | Lot Size | 2.99 AC |
| Price Per SF | £408 | Rentable Building Area | 7,653 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 6.50% | Year Built | 2004 |
| Property Type | Industrial | Parking Ratio | 0.65/1,000 SF |
| Property Subtype | Food Processing | No. Dock-High Doors/Loading | 2 |
| Building Class | C |
| Price | £3,119,783 |
| Price Per SF | £408 |
| Sale Type | Investment |
| Net Initial Yield | 6.50% |
| Property Type | Industrial |
| Property Subtype | Food Processing |
| Building Class | C |
| Lot Size | 2.99 AC |
| Rentable Building Area | 7,653 SF |
| Number of Floors | 1 |
| Year Built | 2004 |
| Parking Ratio | 0.65/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
AMENITIES
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 039-012-13819 | Improvements Assessment | £205,806 |
| Land Assessment | £74,757 | Total Assessment | £280,563 |
PROPERTY TAXES
Parcel Number
039-012-13819
Land Assessment
£74,757
Improvements Assessment
£205,806
Total Assessment
£280,563
ZONING
| Zoning Code | Industrial (Commercial Industrial) |
| Industrial (Commercial Industrial) |
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Frito-Lay Distribution Center | 54 Parker Rd
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