Frito Lay BTS Last Mile Distribution - Elkin, NC

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to exclusively offer for sale the fee simple interest in the newly constructed Frito-Lay Last-Mile Distribution Facility located at 232 PGW Drive, Elkin, North Carolina (the “Property”).

Comprising 9,350 square feet situated on 3.66 acres, the site has been strategically selected and purpose-built for Frito-Lay to operate a last-mile distribution facility as part of their national distribution network. Frito-Lay identified a weakness in its distribution network and this BTS facility will improve operations covering its northwest North Carolina customer base.

The Property is part of Frito-Lay’s new strategy to expand efficiencies across the country and improve inventory stocking levels by moving closer to the end customer via new product exchange centers.

The Property is 100% leased to Pepsico Global Real Estate, Inc. (“Tenant”), a subsidiary of global-leading, investment-grade rated PepsiCo, Inc (S&P: A+).

Located in northwest North Carolina, the Property is strategically located just off the interchange of Interstate 77 and Highway 21, providing for connectivity throughout the area.

This offering provides investors the exceptional opportunity to acquire a mission-critical industrial facility with a global investment-grade user, fresh long-term lease and attractive annual base rent increases.