Frito-Lay Distribution Center
Towanda, PA
Key Details
| Price: | $3,500,461 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $227,530 |
| Address: | Wilson Industrial Drive, Towanda, Pennsylvania 18848 |
| Property Type: | Industrial |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 8/15/2024 |
| Lease Expiration: | 8/14/2034 |
| Lease Term Remaining: | 9.3 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 3.00 Acres |
| Building Size: | 5,500 SF |
| Year Built: | 2024 |
NNN Pro is pleased to present the exclusive listing for a Frito-Lay Distribution Center located at Wilson Industrial Drive, Towanda, Pennsylvania 18848. The site consists of roughly 5500 rentable square feet of building space on an estimated 3-acre parcel of land. This Frito-Lay Distribution Center is subject to a 10-year Double Net (NN) lease, which commenced 8/15/2024. The current annual rent is $227,530 and has scheduled increases of 2.00% Annually.
About the Investment
- Brand New Long-Term, 10-Year Double Net (NN) Lease
- Construction Completed in August 2024
- Approximately 10 Years Remaining
- Two Percent (2.00%) Rental Increases Occurring Annually
- Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 20+ Years
Key Details
| Price: | $3,500,461 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $227,530 |
| Address: | Wilson Industrial Drive, Towanda, Pennsylvania 18848 |
| Property Type: | Industrial |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 8/15/2024 |
| Lease Expiration: | 8/14/2034 |
| Lease Term Remaining: | 9.3 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 3.00 Acres |
| Building Size: | 5,500 SF |
| Year Built: | 2024 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Judson Kauffman
jkauffman@nnnpro.com
License: NY: 10401296108
Hannan Ben Yosef
hbenyosef@nnnpro.com
License: NY: 10401358655
Matt Sorace
msorace@nnnpro.com
License: NY: 10401367850
Broker of Record
Brian Brockman
Bang Realty-Pennsylvania, Inc
License: RM432816
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.