4167 Fm 1053 Fort Stockton, TX 79735

Property Details for 4167 Fm 1053

Year built

2008

Lot size

3.87 lot acres

Property size

6,762 SF

Property type

Industrial properties

Property subtype

Distribution centers

Description

This exceptional investment opportunity presents a fee-simple, 6,762 square foot industrial distribution center in Fort Stockton, Texas, currently leased to Frito-Lay, a subsidiary of PepsiCo, Inc. The property boasts a 10-year net lease (commencing July 1, 2023, and expiring July 31, 2033), with a remaining term of 8.7 years and a 6.75% cap rate generating a $216,301 NOI. The lease includes 2% annual rent bumps and two 5-year renewal options at 95% of fair market value, but not less than 102% of the previous year's rent. Built in 2008 and extensively renovated in 2023, the single-story building features 6 dock-high doors and a 20-foot ceiling height, situated on a 3.87-acre lot. Its strategic location, one mile north of Interstate 10 on FM 1053, provides easy access to major transportation routes, serving as a critical last-mile distribution facility for Frito-Lay's operations in West Texas. The property's strong tenant, favorable lease terms, and recent renovations combine to create a compelling investment with significant long-term potential. The property's location within the energy-rich Permian Basin further enhances its value and stability. The asking price is $3,204,459. This is a rare opportunity to acquire a high-quality, net-leased property with a blue-chip tenant in a rapidly growing region. The property's strong fundamentals and potential for future appreciation make it an ideal addition to any diversified investment portfolio.

Location Insight

City

Fort Stockton

County

Pecos

State

Texas

Longitude

-102.868

Latitude

30.9183