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PepsiCo Distribution Building 28 Providence Ln 950 SF Industrial Building Petersburg, WV 26847 $1,633,300 ($1,719.26/SF) 7.10% Cap Rate
INVESTMENT HIGHLIGHTS
- Credit Tenant providing secure, long-term income
- On-site potential for building and/or parking expansion
- Northrop Grumman operates the 1,600-acre Allegany Ballistics Laboratory, producing advanced military components
- Long-term lease with annual rent increases ensuring consistent growth
- Diverse economy supported by defense, manufacturing, food production, and tourism
- Pilgrim’s Pride runs three major poultry plants within Moorefield city limits
EXECUTIVE SUMMARY
Cushman & Wakefield, Inc. and Century Realty, LLC are pleased to offer for sale a 950 SF industrial building in Petersburg, WV leased to Bottling Group, LLC, a subsidiary of PepsiCo, Inc.. The original 10 year lease to Bottling Group commenced April 1, 2024 and has an 8 year 3 month remaining lease term. Petersburg is located in the Potomac Highlands region which is in the eastern panhandle of West Virginia. The region’s economy has a diverse mix of defense research and manufacturing, wood products manufacturing, food production, and tourism.
Potomac Highland’s diverse economy is anchored by tourism, and brand name companies in defense technology and manufacturing, food production and more.
National Defense - Northrop Grumman manages the Allegany Ballistics Laboratory (ABL), a government-owned, 1,600-acre complex in Rocket Center, West Virginia, The ABL facility manufactures about 80 military products, including advanced composites for the F-22 Raptor, advanced strike missiles, and 30mm shells for Apache helicopters and training munitions.
Food Processing - Pilgrim’s Pride is one of the largest chicken producers in the U.S. with three plants situated together within Moorefield’s city limits.
Manufacturing - American Woodmark Corp. is one of the three largest cabinetmakers in the U.S., fabricating doors, drawers and components, finishing them and shipping them out to sister plants for final assembly.
Tourism - The region is a short drive from the Washington and Baltimore metro areas, making it accessible for weekend getaways. Nestled in the Monongahela National Forest, the area offers hiking, rock climbing, camping, and trophy trout fishing, kayaking, canoeing opportunities on different forks of the Potomac River.
Potomac Highland’s diverse economy is anchored by tourism, and brand name companies in defense technology and manufacturing, food production and more.
National Defense - Northrop Grumman manages the Allegany Ballistics Laboratory (ABL), a government-owned, 1,600-acre complex in Rocket Center, West Virginia, The ABL facility manufactures about 80 military products, including advanced composites for the F-22 Raptor, advanced strike missiles, and 30mm shells for Apache helicopters and training munitions.
Food Processing - Pilgrim’s Pride is one of the largest chicken producers in the U.S. with three plants situated together within Moorefield’s city limits.
Manufacturing - American Woodmark Corp. is one of the three largest cabinetmakers in the U.S., fabricating doors, drawers and components, finishing them and shipping them out to sister plants for final assembly.
Tourism - The region is a short drive from the Washington and Baltimore metro areas, making it accessible for weekend getaways. Nestled in the Monongahela National Forest, the area offers hiking, rock climbing, camping, and trophy trout fishing, kayaking, canoeing opportunities on different forks of the Potomac River.
PROPERTY FACTS
| Price | $1,633,300 | Rentable Building Area | 950 SF |
| Price Per SF | $1,719.26 | No. Stories | 1 |
| Sale Type | Investment NNN | Year Built | 2025 |
| Cap Rate | 7.10% | Tenancy | Single |
| Property Type | Industrial | Parking Ratio | 13.68/1,000 SF |
| Lot Size | 4.15 AC | No. Dock-High Doors/Loading | 1 |
| Price | $1,633,300 |
| Price Per SF | $1,719.26 |
| Sale Type | Investment NNN |
| Cap Rate | 7.10% |
| Property Type | Industrial |
| Lot Size | 4.15 AC |
| Rentable Building Area | 950 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Tenancy | Single |
| Parking Ratio | 13.68/1,000 SF |
| No. Dock-High Doors/Loading | 1 |
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PepsiCo Distribution Building | 28 Providence Ln
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