1287 Highway 395 S, Addy, WA 99101

Brand New Construction | Initial 10 Year Lease Term - Brand new construction using premium quality building materials. Offering features an initial 10-year lease term with two 5-year renewal options at fair market rate.

Attractive Return Fundamentals | 7.89% CAP Rate - At an attractive 7.89% CAP Rate, this opportunity provides an investor with a long-term credit backed lease in a submarket lacking functional warehousing and distribution space.

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 4,000 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 - Conveniently located along US-395 between Colville, WA and Chewelah, WA this location provides the ability to access both markets within a 15 minute drive time and was purposefully built to serve the Northeast Washington region.