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32020277
32020276

28517 S. Frost Road, Livingston, LA 70754-2614

Stirling Properties Baton Rouge
BL
LA SALE.0000029069-ACT
Stirling
Listed by Stirling Properties Baton Rouge, Stirling
$19,950,000
47 days on market
Updated 5 days ago

Investment Grade Distribution Center | Baton Rouge MSA

Details
Property Type Industrial
Sub Type Distribution, Warehouse (+1)
Square Footage 140,000
Net Rentable (SqFt) 140,000
Cap Rate 6.32%
NOI $1,260,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 16
Lease Expiration 10/31/2032
Remaining Term 6.4
Rent Bumps Yes
Lease Options 5-year option from 11/1/32 to 10/31/37 with 2% annual increases
Pro-Forma Cap Rate 6.32%
Pro-Forma NOI $1,260,000
Price per SqFt $143
Class A
Year Built 2016
Buildings 1
Acreage 15.420
Zoning C1
Parking Spaces spaces
Investment Type Institutional
Tenant Credit Credit Rated, Corporate Guarantee
Lease Commencement 11/01/2016
Occupancy Date 11/01/2016
Ground Lease No
Loading Docks 12
Sale Condition For sale by owner

Investment Grade Beverage Distribution Center | Greater Baton Rouge MSA | 6.32% CAP | 140,000 SqFt

Marketing description

Completed in 2016 as a build-to-suit for P-Americans, LLC, a wholly owned subsidiary of PepsiCo, Inc., this purpose-built distribution facility consolidates the company's regional logistics operations into a single, modern hub along the I-12 corridor. The property was designed to the tenant's specifications and supports the full breadth of PepsiCo's consumer portfolio across a densely populated Gulf South trade area, with direct service reach into the Greater Baton Rouge Area, Greater New Orleans Area, and the Northshore.

PepsiCo's recent execution of a 6-year lease renewal through October 31, 2032 reflects the site's continued operational importance within the company's regional supply chain, providing investors approximately 6.5 years of contractual cash flow backed by one of the world's most recognized investment-grade corporate parents.

Investment highlights

  • Greater Baton Rouge MSA STNL build-to-suit completed for P-Americans, LLC, a wholly owned subsidiary of PepsiCo., Inc. in 2016. This property replaced two smaller facilities located in Baton Rouge, LA. The distribution center serves as a logistics hub for PepsiCo. brands including Gatorade, Frito-Lay, Starbucks, Mountain Dew, and other related brands.
  • The distribution facility is well-positioned and services the Greater Baton Rouge Area, Greater New Orleans Area, and the Northshore.
  • Approximately 6.5 years of remaining lease term with Pepsi recently executed a 6-year renewal through October 31, 2032, demonstrating their commitment to the site.
  • The Landlord is responsible for roof, structure, and parking lot.

Listing Contacts

Stirling Properties Baton Rouge
BL
LA SALE.0000029069-ACT
Stirling
Listed by Stirling Properties Baton Rouge, Stirling

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$1,260,000.00
$105,000.00/mo

Valuation Metrics

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DSCR
6.32%
Cap Rate
6.32%
ROI

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