New Frito-Lay/Pepsico Last Mile Distribution Building
Rare Nantucket Island Opportunity | 10 Year Lease Term with Annual Rent Increases
Marketing description
Cushman & Wakefield and William Raveis are pleased to offer for sale a new distribution building located on Nantucket Island that is leased to Rolling Frito-Lay Sales, LP, the mission critical logistics operation for PepsiCo, Inc.’s most profitable division, PepsiCo Foods North America (PFNA).
This property was completed in January 2026. It is leased for 10 years with 2% annual rent increases.
History - Settled in 1659 - Nantucket Island has evolved from one of America’s earliest colonial communities to the whaling capital of the world (1830s to 1840s) and now one of the most exclusive summer resort areas in America and the World.
Access, Island Character & Protected Land - Nantucket Is a 14-mile long island accessible only by ferry or aircraft that features 80+ miles of pristine beaches, a meticulously preserved 19th-century whaling village with cobblestone streets and Federal-era architecture, and over 40% protected conservation land that strictly limits development.
Summer Demographics - The population swells from 14,000 year-round residents to 60,000-80,000 during peak summer months.
Residential Property Values - The island’s appeal to ultra-high-net-worth individuals is evidenced by average home prices approaching $4.8 million, 68% second-home ownership, and summer weekly home rents ranging from $5,000-$10,000 for 2 bedrooms to $50,000 for 5+ bedrooms.
Activities - Nantucket offers premier sailing and sportfishing, world-class dining, boutique shopping, and cultural festivals. The atmosphere has attracted US Presidents, British royalty, and Fortune 500 executives for generations.
Investment highlights
#1 – Nantucket is New England’s Most Desirable Summer Vacation Destination
#1 – Frito-Lay is the Snack Food Industry’s Category Killer
#1 – Frito-Lay is PepsiCo’s Most Profitable Subsidiary
Extremely Rare Opportunity to Acquire a New Industrial Property on Nantucket
Nantucket’s Summer Charm
- Early colonial and American history with preserved character.
- Pristine beaches and protected conservation land.
- Premier sailing and sportfishing, world-class dining, upscale boutiques, and renowned cultural festivals.
Frito-Lay’s Industry Dominance
- #1 market share dominance in potato chips, tortilla chips, salted snacks, popcorn and more snack food categories.
- Frito-Lay is part of the PepsiCo Foods North America (PFNA) division of PepsiCo Inc. PFNA is the most profitable division of PepsiCo Inc., generating 50% of the parent company’s operating profit.
New Industrial Development Challenge
- The search for the project’s site started in 2019. It took 6 years to find the site, get the project entitled, and build it.
Real Estate Advantages
- Centrally located property that is ideal for distribution efficiency.
- New 10-year net lease with 2.0% annual increases.
- Rare opportunity to acquire a new, leased industrial property on Nantucket.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
