Frito-Lay Distribution Center
21,501 SF | Industrial Building | Hope Mills, NC 28348 | $8,182,512 ($381/SF) | 6.25% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $8,182,512
- Property Type
-
Industrial
- Price / Square Foot
- $381
Listing Contacts
Glen Kunofsky
Verified Profile
Judson Kauffman
Verified Profile
Hannan Ben Yosef
Verified Profile
Matthew Sorace
Verified Profile
- Property Info
Property Overview
NNN Pro Group is pleased to present the exclusive listing for a Frito-Lay last mile distribution center located at US Highway 301 in Hope Mills, NC. The site consists of roughly 21,501 rentable square feet of building space on an estimated 11.40-acre parcel of land. Frito-Lay is subject to a 10-year double-net (NN) lease, which commenced July 15th, 2024. The current annual rent is $511,407 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 2, 5-year renewal options.
Property Details
- Year Built
- 2024
- Stories
- 1
- Property Subtype
- Distribution
- Lot Size (sq. ft)
- 496,584 SF
Highlights
- Long-Term, 10-Year Double Net (NN) Lease
- Construction Completed in July 2024
- Approximately 9.9 Years Remaining
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