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Frito-Lay Distribution Factory 6541 IN-42

15,780 SF Industrial Building Terre Haute, IN 47803 £1,265,222 (£80/SF) 6.75% Net Initial Yield

Investment Highlights

  • Single-Tenant Frito-Lays Distribution Warehouse: Tenant recently extended their lease for 10 years in 2023
  • Below Market Replaceable Rent: Annual rent of $7.07 per sq ft is below market providing future upside to increase or replace rent at a higher rate
  • Terre Haute is the County Seat of Vigo County and One of the Largest Cities in the Wabash Valley MSA with a Population in Excess of 60,000 People
  • Large 2.5+ Acre Parcel: The oversized parcel sits adjacent to an additional 3.15-acre parcel that is not included in sale but available for sale
  • Strategic Last Mile Location: Located adjacent to the Terre Haute Airport & serves the entire Terre Haute & Wabash Valley MSA (roughly 200,000 ppl)
  • Located roughly 70 miles west of Downtown Indianapolis, IN, the capitol, and largest city in Indiana

Executive Summary

New 10-Year Lease Extension | Investment-Grade Parent Company (S&P: A+) | Strategic Distribution Location

Property Facts

Price £1,265,222 Lot Size 2.56 AC
Price Per SF £80 Rentable Building Area 15,780 SF
Sale Type Investment Number of Floors 1
Net Initial Yield 6.75% Year Built 2001
Property Type Industrial Tenancy Single
Property Subtype Distribution Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £1,265,222
Price Per SF £80
Sale Type Investment
Net Initial Yield 6.75%
Property Type Industrial
Property Subtype Distribution
Lot Size 2.56 AC
Rentable Building Area 15,780 SF
Number of Floors 1
Year Built 2001
Tenancy Single
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Links

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6541 IN-42, Terre Haute, IN - aerial map view - Image1
6541 IN-42, Terre Haute, IN - aerial map view - Image2

PROPERTY TAXES

Parcel Number 84-07-29-200-015.000-009 Improvements Assessment £166,192
Land Assessment £18,857 Total Assessment £185,049

PROPERTY TAXES

Parcel Number
84-07-29-200-015.000-009
Land Assessment
£18,857
Improvements Assessment
£166,192
Total Assessment
£185,049
(844) 585-7678

Contact

  • Listing ID: 32391914

  • Date on Market: 09/07/2024

  • Last Updated:

  • Address: 6541 IN-42, Terre Haute, IN 47803

The Industrial Property at 6541 IN-42, Terre Haute, IN 47803 is currently available for sale. Contact Hanley Investment Group for more information.

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6541 IN-42, Terre Haute, IN for sale Primary Photo- Image 1 of 5
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6541 IN-42, Terre Haute, IN for sale Site Plan- Image 2 of 5
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Frito-Lay Distribution Factory | 6541 IN-42
(844) 585-7678 x

Frito-Lay Distribution Factory | 6541 IN-42

Dylan Mallory

(844) 585-7678

(844) 585-7678

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