Frito-Lay Distribution Center | Wilson Industrial Dr
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Frito-Lay Distribution Center Wilson Industrial Dr
5,500 SF Industrial Building Towanda, PA 18848 £2,688,153 (£489/SF) 6.50% Net Initial Yield
Investment Highlights
- Brand New Long-Term, 10-Year Double Net (NN) Lease
- Approximately 10 Years Remaining
- Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 20+ Years
- Construction Completed in August 2024
- Two Percent (2.00%) Rental Increases Occurring Annually
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for a Frito-Lay last mile distribution center located at Willson Industrial Drive in Towanda, PA. The site consists of roughly 5,500 rentable square feet of building space on estimated 3.00-acre parcel of land. Frito-Lay is subject to a 10-year double-net (NN) lease, which commenced August 15th, 2024. The current annual rent is $223,069 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 | £2,688,153 | Lot Size | 3.00 AC |
| Price Per SF | £489 | Rentable Building Area | 5,500 SF |
| Sale Type | Investment | Number of Floors | 1 |
| Net Initial Yield | 6.50% | Year Built | 2024 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Parking Ratio | 3.09/1,000 SF |
| Building Class | C | No. Dock-High Doors/Loading | 3 |
| Price | £2,688,153 |
| Price Per SF | £489 |
| Sale Type | Investment |
| Net Initial Yield | 6.50% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 3.00 AC |
| Rentable Building Area | 5,500 SF |
| Number of Floors | 1 |
| Year Built | 2024 |
| Tenancy | Single |
| Parking Ratio | 3.09/1,000 SF |
| No. Dock-High Doors/Loading | 3 |
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PROPERTY TAXES
| Parcel Number | 62-087.05-001-001-000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £174,323 |
PROPERTY TAXES
Parcel Number
62-087.05-001-001-000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£174,323
zoning
| Zoning Code | LI (Light Industrial) |
| LI (Light Industrial) |
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Frito-Lay Distribution Center | Wilson Industrial Dr
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