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Pepsi Distribution Warehouse

138 Kenneth Dodge Drive Frankfort, NY
$11,600,000 4.90% Cap 61,000 sq ft Built 2021 Rendering Print This Page

Location

138 Kenneth Dodge Drive Frankfort, NY

Price: $11,600,000
Cap Rate: 4.90%
Annual Rent: $567,300
Term: 10 Years
Square Footage: 61,000
Lot Size: 10.0+/- AC
Year Built: 2021

100% Fee Simple InterestMinimal Landlord ObligationsNet Leased OfferingNew ConstructionScheduled Increases

The Kase Group is pleased to present this brand new Pepsi Distribution Warehouse in Frankfort, New York. The site is leased to PepsiCo North America Beverages (NAB) Once complete, the warehouse will consist of 61,000 square-feet on 10 acres of land. The warehouse is a pre-enginereed metal building in Schuyler Business Park. The Double Net Lease leaves the landlord responsible for the roof, structure and parking lot and comes with options and increases. The lease calls for 5% scheduled increases in during two consecutive 5 year options after initial 10 year term.

Frankfort is a town in Herkimer County, New York, United States. The town is named after one of its earliest settlers, Lawrence (Lewis) Frank. The town of Frankfort includes a village, also called Frankfort. Frankfort is located east of Utica, and the Erie Canal passes along its north border. At the time of the 2010 census, the population was 7,636.

The western border of the town is the Oneida County line, and the northern border is the Mohawk River. Moyer Creek and Ferguson Creek flow northward through Frankfort to the Mohawk River.New York State Route 5S runs parallel to the Mohawk River. New York State Route 171 intersects old NY 5S in the village of Frankfort.

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    Kase Abusharkh Founding Principal View profile
    Jacob Abusharkh Managing Principal View profile

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