Greater Charlotte, NC Logistics Hub – Positioned ±1 Hour From Charlotte, the Carolinas’ Largest Metro and One of the Nation’S Fastestgrowing Logistics Markets. Charlotte is Anchored by a 2.8m+ Population, Major Interstates (I-85, I-77, I-40), and Charlotte Douglas International Airport – the 7th-Busiest Cargo Hub IN the U.S. Forest City Offers Frito Lay Strategic Access to This Ecosystem With Lower Costs and Less Congestion Than the Metro Core.
Strategic Industrial Corridor Location – Situated Along U.S. Highway 74 Near I-85, the Property Lies IN the Charlotte–Spartanburg– Asheville Industrial Triangle, Enabling Same-Day Reach to Multiple High-Growth Markets. Interstate-85 (I-85), the Southeast’S Most Critical Freight Corridor, Connects the Site to Atlanta, Charlotte, and the Entire Eastern Seaboard, Making Forest City an Efficient Low-Cost Distribution Node.
Frito-Lay / Pepsico – Frito-Lay, a Division of Pepsico, INC., Continues to Lead the National Snack Industry With Renowned Brands Such as Lay’S, Doritos, Fritos, Cheetos, Tostitos, Sun Chips, and Ruffles. IN 2024, Frito-Lay North America (Flna) Reported Net Revenue of $24.75 Billion, Accounting for Approximately 27% of Pepsico’S Total Net Revenue of $91.85 Billion. Pepsico’S Operating Profit for 2024 Was $12.89 Billion, With Flna Contributing $6.32 Billion, Representing Approximately 49% of the Total Operating Profit. Pepsico Maintains a Strong Credit Rating, With S&P Global Ratings Assigning an a+ Rating and Moody’S Investors Service Affirming an A1 Rating With a Stable Outlook. Established IN 1898, Pepsico Was Formed Through the Merger of Frito-Lay and Pepsi-Cola IN 1965.
Brand-New Construction / Functional Industrial – This New Distribution Warehouse Serves as a Product Exchange Center for Frito-Lay/ Pepsico as a ±7,653 Square Foot Building on ±2.64 Acres of Land (6.65% Building/Lot Coverage). Featuring 8 Dock High Doors and Abundant Yard Space for Truck Loading and Parking – This Property is a Highly Functional Building While Also Maintaining the Ability to Further Expand the Facility With Additional Square Footage IN the Future.
Long Term Industrial Nnn Lease / Annual Rent Increases – Frito-Lay Signed a 10-Year Industrial Nnn Lease That Commenced IN November 2023 Featuring ±2.00% Annual Rent Increases Allowing a Strong Hedge Against Inflation.