3000 Pepsi Way Aztec, NM 87410-2389

This exceptional investment opportunity presents a 38,308-square-foot distribution warehouse currently leased to FedEx Ground, a highly rated investment-grade tenant. Located in Aztec, New Mexico's Dillon Industrial Park, this property boasts a strong remaining lease term of 5.4 years, expiring March 31, 2030, with a built-in 7.13% rent increase at the next option. The property sits on a 7.78-acre lot and offers excellent access to US Route 550, serving as a strategic location within the Four Corners region, a commercial hub encompassing parts of New Mexico, Colorado, Utah, and Arizona. The property benefits from robust local demographics, including an average household income within a 10-mile radius of $80,783 and an average home value of $252,881. The surrounding area includes established businesses such as Pepsi Bottling Group, Comfort Inn & Suites, and others, indicating a thriving commercial environment. The property's strong financial performance is reflected in its current NOI of $422,117 and a 6.75% cap rate. The lease commenced March 12, 2008, and FedEx has demonstrated significant investment in the location by exercising an expansion option. This net lease investment offers a compelling combination of a secure tenant, a desirable location, and attractive financial returns. The property is conveniently located near the Aztec Municipal Airport and downtown Aztec.