Cushman & Wakefield is pleased to exclusively offer for sale the newly constructed 10,600± sq.ft. Frito-Lay Product Exchange Center located in Redding, California, featuring a new 10-Year NNN lease with 2% annual rent increases. The property is a consolidation, relocation, and optimization of existing nearby facilities into a larger, state-of-the-art, build-to-suit distribution facility for Frito Lay, servicing the greater Redding and Mount Shasta areas. The property benefits from convenient access to State Routes 44 and 299, and Interstate 5, and the oversized 3.70± acre lot (6.58% building site coverage) can potentially accommodate future expansion of the facility.
Redding is the primary population center of Shasta County and Upstate California and the regional economy benefits from a prosperous tourism industry and numerous renewable energy sources with new solar and hydroelectric projects. The surrounding area features solid demographics with over 176,000 people and $97,000 average household income within 20 miles.