Frito-Lay Distribution Center Wilson Industrial Dr 5,500 SF Industrial Building Towanda, PA 18848 £2,716,484 (£493.91/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 is pleased to present the exclusive listing for a Frito-Lay located at Wilson Industrial Drive, Towanda, PA 18848. The site consists of roughly 5,500 rentable square feet of building space on an estimated 3.00-acre parcel of land. This Frito-Lay is subject to a 10-year Double Net (NN) lease, which commenced 7/15/2024. The current annual rent is $227,530 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
| Price | £2,716,484 |
| Price Per SF | £493.91 |
| 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 | £172,707 |
ZONING
| Zoning Code | LI (Light Industrial) |
