Frito-Lay Distribution Center | 5070 US-301 Hwy
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Frito-Lay Distribution Center 5070 US-301 Hwy
21,501 SF Industrial Building Hope Mills, NC 28348 $8,182,512 ($381/SF) 6.25% Cap Rate
Investment Highlights
- Long-Term, 10-Year Double Net (NN) Lease
- Approximately 9.9 Years Remaining
- Construction Completed in July 2024
Executive Summary
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 Facts
| Price | $8,182,512 | Lot Size | 11.40 AC |
| Price Per SF | $381 | Rentable Building Area | 21,501 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.25% | Year Built | 2024 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Distribution | Parking Ratio | 1.95/1,000 SF |
| Building Class | B | No. Dock-High Doors/Loading | 5 |
| Price | $8,182,512 |
| Price Per SF | $381 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Industrial |
| Property Subtype | Distribution |
| Building Class | B |
| Lot Size | 11.40 AC |
| Rentable Building Area | 21,501 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Tenancy | Single |
| Parking Ratio | 1.95/1,000 SF |
| No. Dock-High Doors/Loading | 5 |
PROPERTY TAXES
| Parcel Number | 0423-16-0821 | Improvements Assessment | $9,019 |
| Land Assessment | $301,482 | Total Assessment | $310,501 |
PROPERTY TAXES
Parcel Number
0423-16-0821
Land Assessment
$301,482
Improvements Assessment
$9,019
Total Assessment
$310,501
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Power Broker Glen Kunofsky -
Judson Kauffman -
Hannan Ben Yosef -
Matthew Sorace -
NNN Pro Group
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Frito-Lay Distribution Center | 5070 US-301 Hwy
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