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Frito-Lay/PepsiCo SW Loop 410/Frontage Road

47,547 SF Industrial Building San Antonio, TX 78242 $16,959,854 ($357/SF) 6.15% Cap Rate

Executive Summary

FRITO-LAY/ PEPSICO – Frito-Lay is a market leader of the snack industry nationwide and owned by PepsiCo, Inc. Frito-Lay continues to outperform their competitors through the brands of Lay’s, Doritos, Fritos, Cheetos, Tostitos, Sun Chips, Ruffles, and many more. In 2023, Frito-Lay accounted for 27% of PepsiCo’s $91.4 Billion Revenue and 42% of their $13.8 Billion Operating Profit (13% YOY Increase). With roots dating back to 1898, PepsiCo formed when Frito-Lay merged with Pepsi-Cola in 1965. Today, PepsiCo Inc. maintains an A+ Credit Rating.

NEW CONSTRUCTION / FUNCTIONAL INDUSTRIAL – This 47,547 sq. ft. concrete tilt up distribution warehouse serves as a Product Exchange Center for Frito-Lay/PepsiCo all on 15.205 acres of land (7.09% Building/Lot Coverage). Featuring 24 docks and abundant yard space for truck loading and parking – this property is a highly functional distribution hub.

LONG TERM INDUSTRIAL NNN LEASE / ANNUAL RENT INCREASES – Rolling Frito-Lay Sales, LP signed a new 10-year Industrial NNN lease with 4, 5-Year Options to Renew featuring 2.00% annual rent increases allowing a strong hedge against inflation.

STRATEGIC SAN ANTONIO LOCATION / INCOME TAX FREE STATE – The subject property is located with frontage on I-410 and less than a mile from I-35 and San Antonio’s Intermodal Terminal, providing direct access to downtown San Antonio and the I-10. Frito Lay is strategically located +/-5 miles from:

• Port San Antonio: 1,900-acre Tech Port campus home to leading global industries: aerospace, defense, global logistics, manufacturing, cybersecurity, education and more.
• Verano Master-Planned Community/Texas A&M: 2,411-acre Master Planned Community with Texas A&M San Antonio as its centerpiece
• Lackland Air Force Base: 7,000-acre AFB and part of Joint Base San Antonio - the largest joint base in the U.S. military and known for being the sole location for U.S. Air Force BMT
• Toyota Motor Manufacturing Campus of Texas (TMMTX): Since 2003, TMMTX employs 7,000 workers and is a major hub for Toyota's truck manufacturing in North America.
• New Developments: Amazon Fulfillment Center, Navistar Manufacturing Facility, TJX Companies, and more
Broker of Record
Patrick Graham
License No. 9005919 (TX)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203

Property Facts

Price $16,959,854
Price Per SF $357
Sale Type Investment
Cap Rate 6.15%
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 15.21 AC
Rentable Building Area 47,547 SF
No. Stories 1
Year Built 2024
Tenancy Single
Clear Ceiling Height 24 FT
No. Dock-High Doors/Loading 24

Amenities

  • Yard
  • Air Conditioning
  • Listing ID: 33367380

  • Date on Market: 10/1/2024

  • Last Updated:

  • Address: SW Loop 410/Frontage Road, San Antonio, TX 78242

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