PEPSI BUILDING Property Overview - LoopNet
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Property Overview
PEPSI BUILDING
Marshall Saviers Matt Imhoff
President, Principal Associate
4.5 MILES FROM WALMART HOME OFFICE mtsaviers@sagepartners.com mimhoff@sagepartners.com
1001 S. 52nd Street | Rogers, Arkansas
479 845 3000
sagepartners.com
Independently Owned and Operated / A Member of the Cushman & Wakefield
PROPERTY OVERVIEW sagepartners.com
Purchase Price: $6,395,000
Cap Rate: 8.0%
Located in the fast growing Northwest Arkansas MSA, the property consists of one 41,000 SF building situated on 3.5± acres.
ADDRESS 1001 S. 52nd Street, Rogers AR
BUILDING SIZE 41,000 SF
LAND AREA 3.5± acres
YEAR BUILT 2008
OCCUPANCY 80.5% (73% is leased to PepsiCo)
USE Sales office near Walmart & Sam’s Club HQ
PARKING 75 Spaces (Approximately 4 per 1,000 SF)
DOCK 1 Loading Dock
IMPROVED ACCESS New Overpass Connecting in Contiguous South Lot
(Construction Underway)
FINANCIALS Available with signed Confidentiality Agreement
Lease Abstract
TENANT SQFT ANNUAL LEASE TYPE LEASE EXPIRATION RENEWAL
INCREASES COMMENCE OPTIONS
PepsiCo, Inc. 30,000 2% Modified Gross - Landlord pays taxes, insurance, 04/14/2008 04/14/2021 One (1) Three (3) year option
CAM and utilities up to 100% of 2018 Base Year (renewed 04/14/18) at 2% increase above prior 12
months
Continental Mills, Inc. 3,000 2% Modified Gross - Landlord pays taxes, insurance, 11/01/2014 10/31/2021 Two (2) Five (5) year options at
CAM and utilities up to 100% of 2014 Base Year 2% increase annually
New Tenant 8,000
TOTALS 41,000
*information deemed reliable but not guaranteed
PROPERTY PHOTOS sagepartners.com
AERIAL
S5
2N
D
ST
RE
ET
49
Interstate
sagepartners.com
FLOOR PLAN sagepartners.com
New Tenant
PepsiCo Inc.
Continental Mills,
Inc.
TENANT PROFILES sagepartners.com PEPSICO, INC. Square Feet: 30,000 (73.1% of NRA) Original Lease: 4/08 - 4/21 Website: www.pepsico.com PepsiCo, Inc. (NASDAQ: PEP) is a $155 billion dollar global food and beverage company. Founded in 1898, PepsiCo has approximately 274,000 employees worldwide and 2017 sales of $64 billion. Their brands include 22 that generate more than $1 billion in annual sales, including Mountain Dew, Lay’s Potato Chips, Gatorade, Tropicana, Doritos, Fritos, Lipton and more. PepsiCo’s six global divisions, either independently or in conjunction with third parties, make, market, distribute and sell a wide variety of food and beverages in their diverse product portfolio, drive innovation, and are focused on delivering Performance with Purpose. Introduced in 2007, Performance with Purpose made PepsiCo one of the first contemporary companies to recognize the importance of interdependence between corporations and society. Their goal is to position PepsiCo for long-term, sustainable growth by aligning what is good for their business with what is good for society and the planet. In 2017, PepsiCo continued to deliver strong performance and shareholder returns, powered by their portfolio of Fun For You, Better for You and Good for You products. Approximately $6.5 billion cash was returned to shareholders through dividends and share repurchases. The company experienced 2.3% organic revenue growth while obtaining a 22.9% core net return on invested capital (ROIC). According to their 2017 Annual Report, PepsiCo is ready for the future. Their plans involve capturing growth in eCommerce, enhancing productivity with greater agility and efficiency, minimizing their environmental impact, digitalizing and upskilling their workforce and uplifting communities. CONTINENTAL MILLS, INC. Square Feet: 3,000 (7.3% of NRA) Original Lease: 11/14 - 10/21 Website: www.continentalmills.com Continental Mills is a Seattle-based, family-owned business that was started in 1932 by a Seattle Ladies Bridge Club and a clever idea they had for a just-add-water Pie Crust mix. From their humble beginnings, Continental Mills has grown into a leader in the food industry. They have a nationwide presence featuring product distribution internationally and in all 50 states supported by their four manufacturing facilities, two distribution centers, and their Corporate Business and Innovation Centers. Continental Mills aims to continually invest in their people and their facilities through equipment modernization and implementation of technology efficiencies, all with an eye toward verifiably better quality. Continental Mills is privately held. D&B Hoovers states that Continental Mills has 575 employees, has low risk credit, and annual sales of approximately $250 million.
AREA DEMOGRAPHICS sagepartners.com
NORTHWEST ARKANSAS BELLA VISTA
This city, on the northern end of the Northwest Arkansas region, was selected as
National publications, economists and university researchers recognize Northwest Arkansas as one of the nation’s 25 Best Places to Retire in 2017 by Forbes. The affordability
one of the nation’s most successful regions. They are consistent with their praise of Northwest of housing was a significant factor in the ranking.
Arkansas, its counties and cities, its economy and businesses, and its quality of life.
BENTONVILLE
NerdWallet put Bentonville at No. 9 on its list of Best Small Cities for Families in
October 2017. The online publication ranked cities with populations between 25,000
and 75,000 residents.
National Geographic selected Bentonville as one of America’s 20 Best Mountain
Bike Towns in May 2017.
FAYETTEVILLE
Money magazine selected Fayetteville as No. 1 on its ranking of Best Places for
Singles Right Now in February 2018.
Money magazine ranked Fayetteville No. 43 of the Top 70 in its September 2017 Best
Places to Live.
ROGERS
Money magazine ranked Rogers No. 45 of the Top 70 in its September 2017
Best Places to Live.
SILOAM SPRINGS
Money magazine ranked Siloam Springs No. 68 of the Top 70 in its September
2017 Best Places to Live.
SPRINGDALE
WalletHub ranked Springdale as the nation’s 17th on a list of the Fastest-
BEST IN THE U.S. Growing Cities in America among 515 cities evaluated in 2017. It sits at
Lonely Planet, the world’s largest publisher of travel-related books and guides, in February 2016 ranked No. 6 among small cities.
Northwest Arkansas at No. 7 in its list of “Best in the U.S.”
Money magazine ranked Springdale No. 58 of the Top 70 in its September 2017
Best Places to Live.
BEST CITIES FOR JOBS
Northwest Arkansas in 2017 sat at No. 6 in a ranking of the nation’s Best Cities for Jobs, according to
NewGeography.com.
BEST PLACES TO LIVE
U.S. News & World Report put the Fayetteville-Springdale-Rogers (Northwest Arkansas) Metropolitan
Statistical Area at No. 5 on its 2017 list of Best Places to Live.
FASTEST-GROWING ECONOMY THROUGH 2021
The Fayetteville-Springdale-Rogers Metropolitan Statistical Area (Northwest Arkansas) economy,
according to a report by IHS Global Insight for the U.S. Conference of Mayors.
Visit http://www.nwacouncil.org/our-regions-ranking/ for more information.
SAGEPARTNERS.COM
You can also read
