Frito-Lay Distribution Center
Fredonia, NY
Key Details
| Price: | $3,525,723 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $229,172 |
| Address: | 10164 New York 60, Fredonia, New York 14063 |
| Property Type: | Industrial |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 6/15/2024 |
| Lease Expiration: | 6/14/2034 |
| Lease Term Remaining: | 9.6 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 3.25 Acres |
| Building Size: | 6,000 SF |
| Year Built: | 2024 |
NNN Pro is pleased to present the exclusive listing for a Frito-Lay Distribution Center located at 10164 New York 60, Fredonia, New York 14063. The site consists of roughly 6000 rentable square feet of building space on an estimated 3.25-acre parcel of land. This Frito-Lay Distribution Center is subject to a 10-year Double Net (NN) lease, which commenced 6/15/2024. The current annual rent is $229,172 and has scheduled increases of 2.00% Annually.
About the Investment
- Brand New Long-Term, 10-Year Double Net (NN) Lease
- Construction Completed in June 2024
- Approximately 9.9 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
About the Location
- Favorable Logistics Capabilities| Site Is Strategically Positioned For Quick Access To U.S. Route 20, Interstate-90, and New York State Route 60
- U.S Route 20 | The Longest Road in The United States (3,365 miles) | Passes Through 12 States From Newport, Oregon To Boston, Massachusetts
- Interstate-90 | The Longest Interstate Highway in The United States (3,102 Miles) |Passes Through 13 States From Seattle, Washington To Boston, Massachusetts
Key Details
| Price: | $3,525,723 |
|---|---|
| Cap Rate: | 6.50% |
| Annual Rent: | $229,172 |
| Address: | 10164 New York 60, Fredonia, New York 14063 |
| Property Type: | Industrial |
| Lease Type: | Double Net (NN) |
Property Data
| Original Lease Term: | 10 Years |
|---|---|
| Lease Commencement: | 6/15/2024 |
| Lease Expiration: | 6/14/2034 |
| Lease Term Remaining: | 9.6 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 3.25 Acres |
| Building Size: | 6,000 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
Glen Kunofsky
NNN Properties, LLC
License: 49KU1129178
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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.