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Pepsi Beverages DC, Livingston 28517 S Frost Rd 141,290 SF Industrial Building Livingston, LA 70754 $27,175,091 CAD ($192.34 CAD/SF) 6.32% Cap Rate
Investment Highlights
- ?Single tenant net lease build to suit completed for P-Americans, LLC, a wholly owned subsidiary of PepsiCo., Inc. in 2016.
- Approximately 6.5 years of remaining lease term with Pepsi recently executing a 6-year renewal through October 31, 2032.
- The distribution facility is well-positioned and services the Greater Baton Rouge Area, Greater New Orleans Area, and the Northshore.
- ?The Landlord is responsible for roof, structure, and parking lot.
Executive Summary
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.?
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.?
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Utilities
- Lighting
- Gas
- Water
- Sewer
- Heating
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
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- Manufacturing
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99,999 SF
- -
-
Jan 0000
PepsiCo products are enjoyed by consumers more than one billion times a day in more than hundreds of countries and territories around the world. PepsiCo generated billions in net revenue in 2023, driven by a complementary beverage and convenient foods portfolio that includes Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than a billion each in estimated annual retail sales.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Manufacturing | 99,999 SF | - | Jan 0000 |
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Not walkable
10/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 0236265B | Improvements Assessment | $1,586,235 CAD |
| Land Assessment | $42,640 CAD | Total Assessment | $1,628,875 CAD |
Property Taxes
Parcel Number
0236265B
Land Assessment
$42,640 CAD
Improvements Assessment
$1,586,235 CAD
Total Assessment
$1,628,875 CAD
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Pepsi Beverages DC, Livingston | 28517 S Frost Rd
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