Frito Lay Last Mile Distribution Center - Marion, SC

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 1710 Wellman Rd , Marion, South Carolina (the “Property”).

Comprising 5,967 square feet situated on 2.92 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 build-to-suit facility will improve operations covering its customer base throughout eastern South Carolina.

The Property is part of Frito-Lay’s new strategy to expand its distribution efficiencies across the country and improve inventory stocking levels by moving closer to the end customer via new product exchange centers. In sum, the Property will serve as a hub where large trucks will come to drop off pre-manufactured products, and smaller trucks will take it from there to deliver to customers nearby.

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 east South Carolina, the Property is strategically located just off the interchange of Highway 501 and Highway 76, providing for efficient connectivity throughout the area.

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