4167 FM 1053, Fort Stockton, TX 79735 For Sale

Favorable Lease Structure | Annual Rental Increases - Offering features a 10 year initial term with annual rental bumps creating sustained returns for the prospective investor with no Tenant renewal options to extend the lease, providing future potential up-side.

Attractive Return Fundamentals | 7.60% Average Blended CAP - At a going-in cap rate of 7.00%, the current owner would see a 8.21% return by the end of the initial lease term and an average cap rate of approximately 7.60% making this an appealing long-term investment.

Recent Capital Improvements | Expandable Site - The subject property underwent extensive renovations to accommodate Frito-Lay’s exact specifications. The tenant has the ability to expand its existing footprint offering potential up-side for any prospective investor.

Investment Grade Parent Company | Market Leader - Frito-Lay is #1 in terms of market share in the U.S. snack food industry and is wholly owned by PepsiCo, Inc. (NASDAQ: PEP), the largest food & beverage company in North America with revenues in excess of $91B (2022) and an A+ S&P global rating.

Critical Location | Last Mile Distribution Facility - The subject property operates as a last mile distribution facility for Frito-Lay and was chosen as part of an initiative to revamp and create greater efficiencies within their distribution network. The 6,762 SF building is part of Frito Lay’s recent initiative to invest in their real estate footprint with facilities that line key highway systems and serve grocers, convenience stores, and other food-related retailers spread throughout the surrounding area.

Strategic Initiative Facility | Highway Proximity - The subject property sits 1 mile north of Interstate 10 on Imperial Highway (FM 1053), providing ease of access and ability to service all routes throughout Western Texas. This facility will receive and distribute packaged food products, typically salty snacks, with convenient vehicular parking and delivery truck traffic 24 hours each day to and from the site.

Geographic Overview | Energy-Rich West Texas Location - The Permian Basin is a top five oil and natural gas producer in the world. This energy production is vital for the Texas economy, supporting more than 200,000 jobs and generating over 10.8 percent of Texas’ Gross Domestic Product.