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Last-Mile Distribution Center
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232 PGW Dr, Elkin, NC 28621

Purpose-built industrial facility supports product distribution and customer deliveries.

Property Size9,350 SF
Lot Size3.66 Acres
Days on Market144

Property Features for 232 PGW Dr

General Information

Standard status Active
Size 9,350 SF
Lot size 3.66 Acres
Property subtype Industrial
Occupancy 100%

Additional Details

Highway Access Yes
Listing Agency: JLL - Irvine (Orange County), California
Listed By: Jeffrey Cicurel · License #SL3541410
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 1:21AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL - Irvine (Orange County), California

Investment Insights

Based on property information with market context.

The newly constructed distribution center at 232 PGW Drive comprises 9,350 square feet on 3.66 acres. Developed specifically for Frito-Lay, the facility is designed for product movement between large inbound trucks and smaller vehicles serving nearby customers.

The property is 100% leased to Pepsico Global Real Estate, Inc., a subsidiary of PepsiCo, Inc. Its position near the Interstate 77 and Highway 21 interchange provides connectivity across the surrounding area, with Walmart Supercenter and Lowes nearby. The facility serves northwest North Carolina as part of the tenant’s distribution network.

Key Highlights

  • 9,350‑square‑foot distribution center on 3.66 acres
  • Newly constructed, purpose‑built facility developed for Frito‑Lay
  • 100% leased to Pepsico Global Real Estate, Inc.

Property Analytics

Current Use

Distribution centers

Suggested Use

Top Pick Real Estate Agency Building Supply Parking Lot & Garage Auto Parts Store Electrical Service Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

228
Businesses Nearby

Demographics for 28621, NC

9,952
Population
4,864
Households
2
Avg Household Size
45
Median Age
19%
College-Educated
83%
High-School Grad
67.7 sq mi
ZIP Area
147
Density / Sq Mi
$54,481
Median Household Income
$34,706
Median Earnings
$764
Median Rent
$147,500
Median Home Value

Market

Vacancy Rate% for Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
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Frequently Asked Questions

What type of property is this?
Distribution center - Purpose-built industrial facility supports product distribution and customer deliveries.
Where is this distribution center located?
The property is located at 232 PGW Dr Elkin, NC.
What are key features of this property?
This property features: 9,350‑square‑foot distribution center on 3.66 acres; Newly constructed, purpose‑built facility developed for Frito‑Lay; 100% leased to Pepsico Global Real Estate, Inc.
More about this property
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