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Frito-Lay Distribution Center 54 Parker Rd 7,653 SF 100% Leased Industrial Building Barre, VT 05641 $3,922,815 ($512.59/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term, 10-Year Double Net (NN) Lease
- Approximately 9.9 Years Remaining
- Construction Completed in June 2024
EXECUTIVE SUMMARY
NNN Pro Group is pleased to present the exclusive listing for a Frito-Lay last mile distribution center located at Parker Road in Barre, VT. The site consists of roughly 7,653 rentable square feet of building space on an estimated 2.99-acre parcel of land. Frito-Lay is subject to a 10-year double-net (NN) lease, which commenced June 15th, 2024. The current annual rent is $254,983 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 2, 5-year renewal options.
PROPERTY FACTS
| Price | $3,922,815 | Lot Size | 2.99 AC |
| Price Per SF | $512.59 | Rentable Building Area | 7,653 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.50% | Year Built | 2004 |
| Property Type | Industrial | Parking Ratio | 0.65/1,000 SF |
| Property Subtype | Food Processing | No. Dock-High Doors/Loading | 2 |
| Building Class | C | ||
| Zoning | Industrial - Commercial Industrial | ||
| Price | $3,922,815 |
| Price Per SF | $512.59 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Industrial |
| Property Subtype | Food Processing |
| Building Class | C |
| Lot Size | 2.99 AC |
| Rentable Building Area | 7,653 SF |
| No. Stories | 1 |
| Year Built | 2004 |
| Parking Ratio | 0.65/1,000 SF |
| No. Dock-High Doors/Loading | 2 |
| Zoning | Industrial - Commercial Industrial |
AMENITIES
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 039-012-13819 | Improvements Assessment | $258,780 |
| Land Assessment | $94,000 | Total Assessment | $352,780 |
PROPERTY TAXES
Parcel Number
039-012-13819
Land Assessment
$94,000
Improvements Assessment
$258,780
Total Assessment
$352,780
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Frito-Lay Distribution Center | 54 Parker Rd
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