Listing Summary
This investment offers a highly desirable opportunity with a 10-year initial lease term and annual rental increases, providing sustained returns and potential upside for investors.
Full Description
This investment offers a prime opportunity with a 10-year initial lease term and annual rental increases, providing sustained returns and potential upside for investors. With an average blended cap rate of 7.35%, the property promises strong long-term profitability. Recent renovations were made to meet Frito-Lay's specifications, and the tenant, backed by PepsiCo, has room to expand the site. Strategically located 1 mile from Interstate 10 in the energy-rich Permian Basin, this facility serves as a last-mile distribution hub, enhancing efficiency for Frito-Lay's operations across Western Texas.
Quick Glance
- Listing ID:
CL-Texas-12498
- Status:
Active
- Year Build:
2023
- Building Size:
6,762 SqFt
- Lot Size:
6,762.00 Acre