Frito-Lay Distribution Center | 10164 Route 60
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Frito-Lay Distribution Center 10164 Route 60
13,184 SF Industrial Building Fredonia, NY 14063 $3,525,723 ($267/SF) 6.50% Cap Rate
Investment Highlights
- Brand New Long-Term, 10-Year Double Net (NN) Lease
- Approximately 9.9 Years Remaining
- Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 20+ Years
- Construction Completed in June 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 10164 Route 60 in Pomfret, NY. The site consists of roughly 6,000 rentable square feet of building space on estimated 3.25-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 $229,172 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 | $3,525,723 | Lot Size | 3.25 AC |
| Price Per SF | $267 | Rentable Building Area | 13,184 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built | 2024 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | No. Dock-High Doors/Loading | 5 |
| Building Class | C | Cross Streets | McAllister |
| Price | $3,525,723 |
| Price Per SF | $267 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | C |
| Lot Size | 3.25 AC |
| Rentable Building Area | 13,184 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Tenancy | Single |
| No. Dock-High Doors/Loading | 5 |
| Cross Streets | McAllister |
Amenities
- Yard
- Storage Space
Utilities
- Water - City
- Sewer - County
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PROPERTY TAXES
| Parcel Number | 065889-130-000-0003-020-000 | Improvements Assessment | $0 |
| Land Assessment | $12,010 | Total Assessment | $12,010 |
PROPERTY TAXES
Parcel Number
065889-130-000-0003-020-000
Land Assessment
$12,010
Improvements Assessment
$0
Total Assessment
$12,010
zoning
| Zoning Code | COMM (Highway Business) |
| COMM (Highway Business) |
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Frito-Lay Distribution Center | 10164 Route 60
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