For Sale
$3,431,831

0 Wilson Industrial DrTowanda, PA 18848

High-yield, NNN-leased industrial property.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a brand-new, 5,500-square-foot Frito-Lay distribution center in Towanda, Pennsylvania. Located at Wilson Industrial Dr, 18848, this property sits on approximately three acres of land and boasts a strong 10-year net-net (NN) lease with a corporate guarantee, commencing August 15, 2024, and expiring August 14, 2034. The current annual net operating income (NOI) stands at $223,069, representing a compelling 6.50% cap rate based on the asking price of $3,431,831. The lease includes a 2% annual rent increase, ensuring consistent income growth. Furthermore, the tenant holds two five-year renewal options, extending the potential lease term to over 20 years. The property's construction was completed in August 2024, offering a modern and efficient facility for the tenant. This investment is ideal for those seeking a secure, long-term, high-return industrial asset with a blue-chip tenant. The property's location in Towanda, Bradford County, PA provides excellent access to transportation networks, supporting the tenant's distribution operations. The price per square foot is $623.97. This is a 100% occupied, single-tenant property.

Highlights

  • Brand new, 10-year, Double Net (NN) lease.
  • Newly constructed in August 2024.
  • Approximately 10 years remaining on the initial lease term.
  • 2% annual rent increases.
  • Two 5-year tenant renewal options, extending the potential lease term to over 20 years.

Property Details for 0 Wilson Industrial Dr

Property type
Industrial properties, Distribution centers
Square Feet
5,500 SF
Year Built
2024
Lot Size (sq. ft)
130,680 SF

Location Insight

City
Towanda
County
Bradford
State
Pennsylvania
Latitude
41.753764
Longitude
-76.4199021
Wilson Industrial Dr, Towanda, Pennsylvania

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0 Wilson Industrial Dr
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