PepsiCo Distribution Building
New $1.5M PepsiCo Distribution | 7.50% Cap | Long-Term Lease + Annual Increases
Marketing description
Cushman & Wakefield, Inc. and Century Realty, LLC are pleased to offer for sale a 950 SF industrial building in Petersburg, WV leased to Bottling Group, LLC, a subsidiary of PepsiCo, Inc.. The original 10 year lease to Bottling Group commenced April 1, 2024 and has a 7 year 7 month remaining lease term. Petersburg is located in the Potomac Highlands region which is in the eastern panhandle of West Virginia. The region’s economy has a diverse mix of defense research and manufacturing, wood products manufacturing, food production, and tourism.
Potomac Highland’s diverse economy is anchored by tourism, and brand name companies in defense technology and manufacturing, food production and more.
National Defense - Northrop Grumman manages the Allegany Ballistics Laboratory (ABL), a government-owned, 1,600-acre complex in Rocket Center, West Virginia, The ABL facility manufactures about 80 military products, including advanced composites for the F-22 Raptor, advanced strike missiles, and 30mm shells for Apache helicopters and training munitions.
Food Processing - Pilgrim’s Pride is one of the largest chicken producers in the U.S. with three plants situated together within Moorefield’s city limits.
Manufacturing - American Woodmark Corp. is one of the three largest cabinetmakers in the U.S., fabricating doors, drawers and components, finishing them and shipping them out to sister plants for final assembly.
Tourism - The region is a short drive from the Washington and Baltimore metro areas, making it accessible for weekend getaways. Nestled in the Monongahela National Forest, the area offers hiking, rock climbing, camping, and trophy trout fishing, kayaking, canoeing opportunities on different forks of the Potomac River.
Investment highlights
- Credit Tenant providing secure, long-term income
- Long-term lease with annual rent increases ensuring consistent growth
- On-site potential for building and/or parking expansion
- Diverse economy supported by defense, manufacturing, food production, and tourism
- Northrop Grumman operates the 1,600-acre Allegany Ballistics Laboratory, producing advanced military components
- Pilgrim’s Pride runs three major poultry plants within Moorefield city limits
- American Woodmark Corp. ranks among the top three U.S. cabinet manufacturers
- Strong tourism sector driven by proximity to D.C. and Baltimore and outdoor recreation in the Monongahela National Forest
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