Current Use by Public Records
- Industrial properties
Property Details for 0 Wilson Industrial Dr
- Year built
- 2024
- Lot size
- 3.00 lot acres
- Property type
- Industrial properties
- Property subtype
- Distribution centers
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.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Towanda
- County
- Bradford
- State
- Pennsylvania
- Longitude
- -76.4199
- Latitude
- 41.7538
