10164 Route 60 - Distribution FOR SALE


Fredonia, NY 14063
$3,525,723 USD
332-345-4222
10164 Route 60, Fredonia, NY for Sale
$3,525,723 USD
Distribution - FOR SALE
1/2
null | 6.5% Cap Rate

10164 Route 60
Fredonia, NY 14063


HIGHLIGHTS

  • Brand New Long-Term, 10-Year Double Net (NN) Lease
  • Construction Completed in June 2024
  • Approximately 9.9 Years Remaining
  • Two Percent (2.00%) Rental Increases Occurring Annually
  • Two (2), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 20+ Years

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Frito-Lay last mile distribution center located at 10164 Route 60 in Pomfret, NY. The site consists of roughly 6,000 rentable square feet of building space on estimated 3.25-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 $229,172 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 2, 5-year renewal options.

FOR SALE DETAILS

PRICE

$3,525,723 USD

PRICE/SF

$267 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Frito-Lay Distribution Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

UTILITIES

Water - City, Sewer - County

CLEAR CEILING HT

-

DOCKS

5

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

3.25

LAND SF

141,570

ZONING

COMM

APN/PARCEL ID

065889-130-000-0003-020-000

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.