54 Parker Rd - Food Processing FOR SALE


Barre, VT 05641
$3,922,815 USD
332-345-4222
54 Parker Rd, Barre, VT for Sale
$3,922,815 USD
Food Processing - FOR SALE
1/2
null | 6.5% Cap Rate

54 Parker Rd
Barre, VT 05641


HIGHLIGHTS

  • Long-Term, 10-Year Double Net (NN) Lease
  • Construction Completed in June 2024
  • Approximately 9.9 Years Remaining

OVERVIEW

NNN Pro Group is pleased to present the exclusive listing for a Frito-Lay last mile distribution center located at Parker Road in Barre, VT. The site consists of roughly 7,653 rentable square feet of building space on an estimated 2.99-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 $254,983 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

$3,922,815 USD

PRICE/SF

$513 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Frito-Lay Distribution Center

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Food Processing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

2.99

LAND SF

130,244

ZONING

Industrial

APN/PARCEL ID

039-012-13819

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.