Frito Lay Distribution Center 4302 NW Mattox Road Riverside (Kansas City MSA), Missouri Price: $5,588,400 Cap Rate: 7.00% Lease Term: 10 Years Rent Increases: 10% every 5 years 2017 Build-to-Suit For More Information Please Contact: Benjamin Ow | (831) 247-1175 |
[email protected] The information contained herein has been secured from sources we believe reliable, but we make no warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. INVESTMENT SUMMARY A new 15,983 square foot distribution building located in Riverside, Mis- souri that is leased to ROLLING FRITO-LAY SALES, LP. PRICE: $5,588,400 - CAP RATE: 7.00% INVESTMENT HIGHLIGHTS Brand new construction and 10 year lease Leased and Guaranteed by Rolling Frito-Lay Sales, LP, a Delaware lim- ited partnership, a subsidiary of Frito-Lay, Inc. and Pepsico Inc. Frito- Lay, Inc. is wholly owned by PepsiCo Inc. and is the largest snack food maker in the world Net lease with minimal Landlord responsibilities (only roof/structure/ exterior walls) and a 20 year weathertight roof warranty, ideal for a pas- sive 1031 exchange Buyer 10% rent increases every 5 years (primary and option lease terms) Build-to-suit distribution facility for Frito Lay in an established and attrac- tive business park Strategic Kansas City metro location with easy access to Highway 9, 69, and 169, Interstate 29 and 635. 12 miles south of the Kansas City Inter- national Airport and 9 miles from downtown Kansas City Excellent Kansas City MSA demographics: 2,428,362 population as of 2015 (the 27th largest in the US) and a median household income of $60,502 LOCATION 4302 NW Mattox Rd, Riverside, MO 64150 LOT SIZE: Approximately 4.86 acres IMPROVEMENTS: Completed approximately September 15, 2017, a new 15,983 square foot FRITO LAY office and distribution building.