Frito-Lay Distribution Centers Representative Photo Address Not Disclosed, Various Markets, Vt, Nh, & Ma

OFFERED INDIVIDUALLY OR AS A PORTFOLIO

FRITO-LAY DISTRIBUTION CENTERS REPRESENTATIVE PHOTO ADDRESS NOT DISCLOSED, VARIOUS MARKETS, VT, NH, & MA

30445 Northwestern Highway, Suite 275 DEREK DELAURA Farmington Hills, MI 48334 SENIOR ADVISOR 248.254.3410 D: 248.419.3886 [email protected] fortisnetlease.com FRITO-LAY DISTRIBUTION CENTERS LOCATED IN VT, NH, & MA

DISCLOSURE :

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Legal questions should be discussed by the party with an attorney. Tax questions should be discussed by the party with a certiﬁed public accountant or tax attorney. Title questions should be discussed by the party with a title ofﬁcer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmental requirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. All properties and services are marketed by FNL in compliance with all applicable fair housing and equal opportunity laws.

EXCLUSIVELY LISTED BY:

DEREK DELAURA SENIOR ADVISOR D: 248.419.3886 [email protected]

DEREK DELAURA | 248.419.3886 | [email protected] DISCLAIMER // 2 FRITO-LAY DISTRIBUTION CENTERS LOCATED IN VT, NH, & MA

PORTFOLIO OFFERING SUMMARY PORTFOLIO OVERVIEW Portfolio Price: $4,605,445 Fortis Net Lease is pleased to present this rare portfolio of four (4) free-standing Frito-Lay Distribution Centers, with sites being in VT, MA, & NH. Three of the location have one, 5-year option period remaining with rent increases built in. All four (4) Distribution Centers were built-to-suit for Frito-Lay. Each of the leases are NN in nature leaving Cap Rate: 5.75% minimal landlord responsibilities.

NOI: $264,813 **Offered Individually or as a Portfolio.**

Total Acreage: 18.27 Acres PORTFOLIO HIGHLIGHTS NN Leases Leaving Minimal Landlord Responsivities Total SF: 22,740 SF Four (4) Frito-Lay Distribution Centers One, 5-Year Option Period w/ Rent Increases Year Built: 2004 - 2019 10-Year Primary Lease Terms Zoning: Commercial All Four (4) Locations were B-T-S for Frito-Lay

Price / SF: $202.53

DEREK DELAURA | 248.419.3886 | [email protected] EXECUTIVE SUMMARY // 3 FRITO-LAY DISTRIBUTION CENTERS LOCATED IN VT, NH, & MA

FINANCIAL SUMMARY PORTFOLIO LEASE SUMMARY

INCOME FRITO-LAY DISTRIBUTION CENTERS - PORTFOLIO PER SF Tenant: Frito-Lay Lease Type: NN Lease Gross Income $290,111.63 $12.76 Primary Lease Term: 10 Years

EXPENSE FRITO-LAY DISTRIBUTION CENTERS - PORTFOLIO PER SF Landlord Responsibilities: Roof, Structure, Parking, Taxes

Annual Taxes $25,298.54 $1.11 Insurance & CAM: Tenant Responsibility Gross Expenses $25,298.54 $1.11 Lease Start Date: 2004 - 2019 Lease Expiration Date: 2024 - 2029 NET OPERATING INCOME $264,813.09 $11.65 Lease Term Remaining: 3 - 8 Years PORTFOLIO SUMMARY Rent Increases: In Options Year Built: 2004 - 2019 Renewal Options: One, 5-Year Lot Size: 18.27 Acres Tenant Website: www..FritoLay.com Building Size: 22,740 SF Total Dock Doors: 24

Roof Type: Metal

Zoning: Commercial

Construction Style: Prototype

DEREK DELAURA | 248.419.3886 | [email protected] PROPERTIES & LEASES // 4 FRITO-LAY DISTRIBUTION CENTERS LOCATED IN VT, NH, & MA

COMPANY INFO Frito-Lay is an American subsidiary of PepsiCo that manufactures, markets, and sells corn chips, potato chips, and other snack foods. The primary snack food OVERVIEW brands produced under the Frito-Lay name include Fritos corn Company: PepsiCo, Inc. chips, Cheetos cheese-ﬂavored snacks, Doritos and Tostitos tortilla Founded: 1965 chips, Lay's and Rufﬂes potato chips, Rold Gold pretzels, and Walkers potato crisps (in the UK and Ireland). 2020 Revenue: $70.37 Billion

Area Served: Worldwide Frito-Lay began in the early 1930s as two separate companies, The Frito Company and H.W. Lay & Company, which merged in 1961 to form Frito-Lay, Inc. Headquarters: Harrison, NY In 1965, Frito-Lay, Inc. merged with the Pepsi-Cola Company, resulting in the Website: www.PepsiCo.com formation of PepsiCo. Since that time, Frito-Lay has operated as a wholly owned Website: www.FritoLay.com subsidiary of PepsiCo. Through Frito-Lay, PepsiCo is the largest globally distributed snack food company, with sales of its products in 2009 comprising 40 percent of all "savory snacks" sold in the United States, and 30 percent of TENANT HIGHLIGHTS the non-U.S. market. In 2018, Frito-Lay North America accounted for 25 percent 267,000+ Employees Worldwide of PepsiCo's annual sales. PepsiCo's 2020 Revenues > $70.37 Billion PepsiCo, Inc. is an American multinational food, snack, and beverage NASDAQ: PEP corporation headquartered in Harrison, New York. PepsiCo has interests in the manufacturing, marketing, and distribution of grain-based snack foods, beverages, and other products.

DEREK DELAURA | 248.419.3886 | [email protected] TENANT PROFILE - PEPSICO FRITO-LAY // 5 FRITO-LAY DISTRIBUTION CENTERS LOCATED IN VT, NH, & MA

DEREK DELAURA | 248.419.3886 | [email protected] PORTFOLIO MAP // 6 FRITO-LAY DISTRIBUTION CENTERS 1375 ROUTE 7B CENTRAL, NORTH CLARENDON, VT 05759

OFFERING SUMMARY CLARENDON, VT - OVERVIEW Sale Price: $1,614,658 Fortis Net Lease is pleased to present this free-standing Frito-Lay Distribution Center located in Clarendon, VT. The tenant has been successfully operating at this location since 2008 and recently signed a 5-year lease extension showing long term commitment to this site. The building features 13 dock doors and sits on 10.83 acres Cap Rate: 5.75% of land. The lease is NN nature leaving minimal landlord responsibilities.

NOI: $92,842.86

Lease End: 02/28/2027 PROPERTY HIGHLIGHTS 6+ Years Remaining on NN Lease Lot Size: 10.83 Acres Directly Adjacent and Easy Access to Regional Airport 13 Dock Doors Building Size: 9,000 SF One, 5-Year Option Period w/ Rent Increases Year Built: 2008 10-Year Primary Lease Term 2008 B-T-S Construction for Frito-Lay Zoning: Commercial 10 Mile Population > 29,900

DEREK DELAURA | 248.419.3886 | [email protected] SUMMARY - CLARENDON, VT // 7 FRITO-LAY DISTRIBUTION CENTERS 1375 ROUTE 7B CENTRAL, NORTH CLARENDON, VT 05759

Clarendon, VT Clarendon, VT

DEREK DELAURA | 248.419.3886 | [email protected] PHOTOS - CLARENDON, VT // 8 FRITO-LAY DISTRIBUTION CENTERS 1375 ROUTE 7B CENTRAL, NORTH CLARENDON, VT 05759

DEREK DELAURA | 248.419.3886 | [email protected] AERIAL MAP - CLARENDON, VT // 9 FRITO-LAY DISTRIBUTION CENTERS 1375 ROUTE 7B CENTRAL, NORTH CLARENDON, VT 05759

DEREK DELAURA | 248.419.3886 | [email protected] LOCATION MAP - CLARENDON, VT // 10 FRITO-LAY DISTRIBUTION CENTERS 1375 ROUTE 7B CENTRAL, NORTH CLARENDON, VT 05759

POPULATION 1 MILE 5 MILES 10 MILES

Total Population 2020 450 5,502 29,902

Average Age 47.2 47.8 47.0

# Of Persons Per HH 2.3 2.3 2.3

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total Households 188 2,334 13,078

Average HH Income $67,700 $72,400 $68,200

Median House Value $196,000 $192,000 $182,200

CLARENDON, VT Nestled n the Green Mountains of Vermont, Clarendon is a thriving small town in Rutland County. Long ago, Clarendon was a tract of land claimed under three different titles from Massachusetts, New Hampshire, and New York. Now Clarendon is home to natural and man-made wonders including the Clarendon Gorge, historical Clarendon Springs, and the Kingsley covered bridge.

DEREK DELAURA | 248.419.3886 | [email protected] CLARENDON, VT // 11 FRITO-LAY DISTRIBUTION CENTERS 139 POTTER INDUSTRIAL DR., WESTMINSTER, VT 05158

OFFERING SUMMARY WESTMINSTER, VT - OVERVIEW Sale Price: $1,243,803 Fortis Net Lease is pleased to present this free-standing Frito-Lay Distribution Center located in Westminster, VT. The tenant has been successfully operating at this location since 2004 and recently exercised a 3-year renewal option showing commitment to this site. The building features 5 dock doors and sits on 2.16 acres of land. The Cap Rate: 5.75% lease is NN nature leaving minimal landlord responsibilities.

NOI: $71,518.70 PROPERTY HIGHLIGHTS 3+ Years Remaining on NN Lease Lease End: 06/30/2024 5 Dock Doors

Lot Size: 2.16 Acres Tenant Exercised 3-Year Option thru 2024 10-Year Primary Lease Term Building Size: 6440 2008 B-T-S Construction for Frito-Lay

Yea Built: 2004 10 Mile Population > 20,900

Zoning: Commercial

DEREK DELAURA | 248.419.3886 | [email protected] SUMMARY - WESTMINSTER, VT // 12 FRITO-LAY DISTRIBUTION CENTERS 139 POTTER INDUSTRIAL DR., WESTMINSTER, VT 05158

Westminster, VT Westminster, VT

Westminster, VT

DEREK DELAURA | 248.419.3886 | [email protected] PHOTOS - WESTMINSTER, VT // 13 FRITO-LAY DISTRIBUTION CENTERS 139 POTTER INDUSTRIAL DR., WESTMINSTER, VT 05158

DEREK DELAURA | 248.419.3886 | [email protected] AERIAL MAP - WESTMINSTER, VT // 14 FRITO-LAY DISTRIBUTION CENTERS 139 POTTER INDUSTRIAL DR., WESTMINSTER, VT 05158

DEREK DELAURA | 248.419.3886 | [email protected] LOCATION MAP - WESTMINSTER, VT // 15 FRITO-LAY DISTRIBUTION CENTERS 139 POTTER INDUSTRIAL DR., WESTMINSTER, VT 05158

POPULATION 1 MILE 5 MILES 10 MILES

Total Population 2020 763 9,395 20,956

Average Age 47.2 47.8 47.0

# Of Persons Per HH 2.3 2.3 2.3

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total Households 112 2,710 9,123

Average HH Income $91,500 $79,500 $77,475

Median House Value $181,546 $201,099 $220,610

WESTMINSTER, VT Westminster is a town in Windham County, on the banks of the Connecticut River about 25 miles north of Vermont's southern border. The town consists of three village areas, Westminster Village, North Westminster and Westminster West, separated by rolling hills, farms and forests.Westminster is the oldest existing town in Vermont, and the site of what was known as the "Westminster massacre" where 2 men were killed during the long-running dispute over the New Hampshire Grants in 1775.

DEREK DELAURA | 248.419.3886 | [email protected] WESTMINSTER, VT // 16 FRITO-LAY DISTRIBUTION CENTERS 12A FEDERICO DR., PITTSFIELD, MA 01201

OFFERING SUMMARY PITTSFIELD, MA - OVERVIEW Sale Price: $899,227 Fortis Net Lease is pleased to present this free-standing Frito-Lay Distribution Center located in Pittsﬁeld, MA. This facility was constructed as a B-T-S for Frito-Lay in 2019 and the tenant signed a brand new 10 year lease. The building features 3 dock doors and sits on 1.78 acres of land. The lease is NN nature leaving minimal landlord Cap Rate: 5.75% responsibilities.

NOI: $51,705.53 PROPERTY HIGHLIGHTS 8+ Years Remaining on NN Lease Lease End: 10/01/2029 2019 B-T-S Construction

Lot Size: 1.78 Acres 3 Dock Doors One, 5-Year Option Period w/ Rent Increase Building Size: 3,650 SF 10-Year Primary Lease Term

Year Built: 2019 10 Mile Population > 67,300

Zoning: Commercial

DEREK DELAURA | 248.419.3886 | [email protected] SUMMARY - PITTSFIELD, MA // 17 FRITO-LAY DISTRIBUTION CENTERS 12A FEDERICO DR., PITTSFIELD, MA 01201

Pittsﬁeld, MA - 2019 B-T-S Pittsﬁeld, MA - 2019 B-T-S

DEREK DELAURA | 248.419.3886 | [email protected] PHOTOS - PITTSFIELD, MA // 18 FRITO-LAY DISTRIBUTION CENTERS 12A FEDERICO DR., PITTSFIELD, MA 01201

DEREK DELAURA | 248.419.3886 | [email protected] AERIAL MAP - PITTSFIELD, MA // 19 FRITO-LAY DISTRIBUTION CENTERS 12A FEDERICO DR., PITTSFIELD, MA 01201

DEREK DELAURA | 248.419.3886 | [email protected] LOCATION MAP - PITTSFIELD, MA // 20 FRITO-LAY DISTRIBUTION CENTERS 12A FEDERICO DR., PITTSFIELD, MA 01201

POPULATION 1 MILE 5 MILES 10 MILES

Total Population 2020 1,824 48,849 67,347

Average Age 47.2 47.8 47.0

# Of Persons Per HH 2.3 2.3 2.3

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total Households 112 2,710 9,123

Average HH Income $95,050 $69,550 $77,300

Median House Value $205,400 $185,800 $205,700

PITTSFIELD, MA Pittsfield is the largest city and the county seat of Berkshire County, Massachusetts, United States. It is the principal city of the Pittsfield, Massachusetts Metropolitan Statistical Area which encompasses all of Berkshire County. The population was 41,344 at the 2020 census. Pittsfield remains the third largest municipality in Western Massachusetts, behind only Springfield and Chicopee.

Pittsﬁeld is the geographic and commercial hub of the Berkshires—a historic area that includes Tanglewood, the summer home of the Boston Symphony Orchestra, and author Edith Wharton's estate The Mount. Many buildings in Pittsﬁeld are listed on the National Register of Historic Places.

DEREK DELAURA | 248.419.3886 | [email protected] PITTSFIELD, MA // 21 FRITO-LAY DISTRIBUTION CENTERS 360 ROUTE 120, PLAINFIELD, NH 03781

OFFERING SUMMARY PLAINFIELD, NH - OVERVIEW Sale Price: $847,757 Fortis Net Lease is pleased to present this free-standing Frito-Lay Distribution Center located in Pittsﬁeld, MA. This facility was constructed as a B-T-S for Frito-Lay in 2018 and the tenant signed a brand new 10 year lease. The building features 3 dock doors and sits on 3.5 acres of land. The lease is NN nature leaving minimal landlord Cap Rate: 5.75% responsibilities.

NOI: $48,746.00 PROPERTY HIGHLIGHTS 7+ Years Remaining on NN Lease Lease End: 06/30/2028 2018 B-T-S Construction

Lot Size: 3.5 Acres 3 Dock Doors One, 5-Year Option Period w/ Rent Increase Building Size: 3,650 SF 10-Year Primary Lease Term

Year Built: 2018 10 Mile Population > 47,200

Zoning: Commercial

DEREK DELAURA | 248.419.3886 | [email protected] SUMMARY - PLAINFIELD, NH // 22 FRITO-LAY DISTRIBUTION CENTERS 360 ROUTE 120, PLAINFIELD, NH 03781

Plainﬁeld, NH - 2018 B-T-S Plainﬁeld, NH - 2018 B-T-S

DEREK DELAURA | 248.419.3886 | [email protected] PHOTOS - PLAINFIELD, NH // 23 FRITO-LAY DISTRIBUTION CENTERS 360 ROUTE 120, PLAINFIELD, NH 03781

DEREK DELAURA | 248.419.3886 | [email protected] AERIAL MAP - PLAINFIELD, NH // 24 FRITO-LAY DISTRIBUTION CENTERS 360 ROUTE 120, PLAINFIELD, NH 03781

DEREK DELAURA | 248.419.3886 | [email protected] AERIAL MAP - PLAINFIELD, NH // 25 FRITO-LAY DISTRIBUTION CENTERS 360 ROUTE 120, PLAINFIELD, NH 03781

DEREK DELAURA | 248.419.3886 | [email protected] LOCATION MAP - PLAINFIELD, NH // 26 FRITO-LAY DISTRIBUTION CENTERS 360 ROUTE 120, PLAINFIELD, NH 03781

POPULATION 1 MILE 5 MILES 10 MILES

Total Population 2020 202 10,163 47,290

Average Age 47.2 47.8 47.0

# Of Persons Per HH 2.3 2.3 2.3

HOUSEHOLDS & INCOME 1 MILE 5 MILES 10 MILES

Total Households 112 2,710 9,123

Average HH Income $86,036 $82,250 $97,150

Median House Value $247,700 $250,503 $276,400

PLAINFIELD, NH Plainﬁeld is a town in Sullivan County, New Hampshire, United States. At the 2020 census, the town had a total population of 2,400. The town is home to the Helen Woodruff Smith Bird Sanctuary and Annie Duncan State Forest.

Population change for Plainﬁeld totaled 1,077 over 49 years, from 1,323 in 1970 to 2,400 in 2019. The 2019 Census estimate for Plainﬁeld was 2,400 residents, which ranked 127th among New Hampshire's incorporated cities and towns.

DEREK DELAURA | 248.419.3886 | [email protected] PLAINFIELD, NH // 27 TOTAL SALES VOLUME PROPERTIES SOLD BROKER & BUYER REACH STATES SOLD IN $6.7B 3,300+ 345K 43

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EXCLUSIVELY LISTED BY: 30445 Northwestern Highway, Suite 275 Farmington Hills, MI 48334 DEREK DELAURA SENIOR ADVISOR 248.254.3410 D: 248.419.3886 fortisnetlease.com [email protected]