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Views: 296 DOM: 212 Updated: 10.31.24 Posted: 04.23.24 Status: Active

Summary

Price $4,348,541
Built/Renov 2024
Tenant Pepsi Co | Frito-Lay
Cap Rate 7.75%
Lease Type Modified Gross
Guarantor Corp T and Rated
Size/SF 19,200
Lease Start 08-01-2024
#Units 64
Price/SF $226.49
Expiration 07-31-2031
Tenant Type Industrial
NOI $337,012
R. Term 6.8
Ownership Fee Simple
Rent/SF $17.55
Increases 5.0%/7/yrs
Pop 5Mi 41,982
Lot/AC 3.61
Options 2/5yrs/5%
AHHI 5Mi $84,723

Lease Highlights

  • Brand new 2024 construction
  • Brand new 7-year lease with 2 (5-year) options
  • The lease features 5% rental increases throughout the initial term and option periods
  • Corporate guarantee | Investment grade tenant

Location Description

PepsiCo | Frito-Lay is strategically located on Jari Drive and surrounded by key community establishments such as the American Red Cross and the Greater Johnstown Christian Church. The property is also in close proximity to the Johnstown Galleria Mall, hosting well-known national tenants including Staples, JCPenney, Tractor Supply Co, McDonald's, Burger King, and more. The 5-mile trade area is...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

About Tenant

Frito-Lay, Inc. is an American snack food company that manufactures, markets and sells corn chips, potato chips, and other snack foods. The primary snack food brands produced under the Frito-Lay...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 619 16,602 39,590
2023 Total Population : 631 16,942 40,384
2023 Employed Civilian Pop : 201 7,579 18,503
2023 Total Businesses : 178 1,064 1,695
2023 Average Household Income : $ 92,274 $ 94,724 $ 80,820
2023 Total Consumer Spending : $ 21 M $ 588 M $ 1258 M
2023 Median Age : 29 48 47
2023 Total Households : 272 7,125 17,778
2023 Pop Age 25+: Bachelor's Degree : 70 2,513 5,510
2023 Average Home Value : $ 254,139 $ 187,157 $ 164,910
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Elton Rd Industrial PkRd 2017 3,862 0.22 mi
Elton Rd Industrial PkRd 2017 3,862 0.25 mi
Elton Road Schoolhouse Rd 2020 3,718 0.33 mi
Industrial Park Road Allenbill Dr 2022 3,014 0.39 mi
Schoolhouse Road Elton Rd 2020 1,213 0.67 mi
Macridge Ave Eisenhower Blvd 2019 964 0.68 mi
Elton Road Schoolhouse Rd 2021 4,008 0.70 mi
Elton Rd 2022 113 0.71 mi
Buchanan Ave 2022 46 0.79 mi
Elton Road Breck Ln 2020 1,859 0.88 mi

Listing Broker

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