Industrial

PepsiCo Bottling Distribution Center

Grand Rapids, MI

Price:
$21,782,000

Cap Rate (Year 1):
6.00%

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PEPSICO, INC.

S&P: A+

NEW 2023 CONSTRUCTION

Class A, Build-to-Suit

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MISSION CRITICAL FACILITY

w/ Tenant Expansion Option

LONG-TERM NNN LEASE

Passive Investment

INVESTMENT HIGHLIGHTS

PEPSICO, INC., INVESTMENT GRADE RATED (S&P: A+ | MOODY’S: A1)
$250+ Billion Market Cap (as of Jun-2023)
$86+ Billion Revenue (FY2022)
CLASS A, BRAND-NEW (2023) CONSTRUCTION
State-of-the-Art, Built-to-Suit, Distribution Facility
LONG-TERM NNN LEASE
with Contractual 2.00% Annual Rent Increases
MISSION CRITICAL FACILTY & LONG-TERM OCCUPANCY EXPECTED
Regional PepsiCo Facility with 23,250 SF Future Expansion Option

RECORD SETTING RENT GROWTH & OCCUPANCY IN LOCAL MARKET
8.7% Rent Growth in 2022 (4th Highest in U.S.)
2.40% Vacancy (6th Lowest in U.S.)
RAPIDLY EXPANDING INDUSTRIAL CORRIDOR
2.5+ Million SF of Industrial Construction (since 2016) within 2 Miles
LONG-TERM TENANCY EXPECTED
Regional PepsiCo Base with Expansion Option
NATION’S #1 FASTEST-GROWING ECONOMIC REGION
Grand Rapids’ Growth Rate is Over 2x the U.S. Avg

Exclusively Listed By

Brandon Duff

Managing Director, Senior Vice President
bduff@northmarq.com +1 312.240.0162

Mackenzie Wolfgram

Associate Vice President
mwolfgram@northmarq.com +1 312.777.2454

Brandt Fuller

Senior Analyst
bfuller@northmarq.com +1 312.777.2446

Austin Duff

Senior Associate
aduff@northmarq.com

In Association With
Melissa McKenzie

MI Lic. #6502387293

Northmarq

303 E. Wacker Drive, Suite 1111
Chicago, IL 60601

northmarq.com