0 Wilson Industrial DrTowanda, PA 18848

Property Details for 0 Wilson Industrial Dr

Year built

2024

Lot size

3.00 AC

Property size (Sq ft)

5,500 SF

Property type

Industrial properties

Property subtype

Other industrial properties

Description

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.

Location Insight

City

Towanda

County

Bradford

State

Pennsylvania

Latitude

41.7538

Longitude

-76.4199

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