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Pepsi Co/Frito-Lay Distribution Center

$4,348,541

219 Jari Drive, Johnstown, PA 15904

Active
Last Updated: 09/12/2024

7.75

Cap Rate

337,012

NOI

Details:
Cap Rate:    7.75%
NOI:    $337,012
Building Size:    19,200 sqft
Lot Area:    3.61 acres
Occupancy:    100%
Lease Type:    Modified Gross
Year Built:    2024
Zoning:    L-1, Light Industrial
Tenancy:    Single
Year Last Renovated:    2024
Highlights:
  • BRAND NEW 7-YEAR LEASE
  • STRONG CREDIT TENANT
  • WAREHOUSE/DISTRIBUTION USE
  • MODERN CONSTRUCTION | 2024 BUILD-TO-SUIT
  • STRATEGIC LOCATION
Description:

Landmark Investment Sales is pleased to present the opportunity to acquire the brand new, build-to-suit Frito-Lay distribution warehouse in Johnstown, Pennsylvania. This relocation site was strategically selected along Jari Drive within Richland Township’s Industrial Park as part of FritoLay’s Product Exchange Center initiative and will act as a Last Mile Distribution Center to accommodate the receiving and shipping of packaged products to the immediate trade area. The building is currently under construction, with expected completion and rent commencement in July 2024. The initial lease term is seven years, with two, five-year renewal options.

Map:
Documents:
Title
064i_PepsiCo___Frito-Lay_Distribution_Center-Johnstown__PA-OM.pdf
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Location
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