STREAM Capital Partners > Properties > All Properties > Last Mile Distribution Facility

Last Mile Distribution Facility

Net Lease

Montgomery, Alabama
Ownership Type:
Fee Simple
Price:
$8,520,447
Cap Rate:
6.25%
Current Rent:
$532,528
Tenancy:
Single Tenant
Lease Type:
Triple Net
Lease Term:
10 years
Landlord Responsibilities:
Roof & Structure
Lease Expiration Date::
Approx. 9.3 years
Building Sq. Ft.:
16,573 SF
Rent Increases:
2.0% Annual
Site Size:
5.07 Acres

Investment Highlights

  • Build-to-Suit for Frito-Lay: Purpose-built distribution facility for a key PepsiCo subsidiary, highlighting operational necessity and tenant stickiness
  • NNN Lease with Annual Bumps: Passive, long-term income secured with landlord-friendly terms and built-in rent escalations
  • Investment-Grade Credit: Backed by PepsiCo (NYSE: PEP), offering strong credit stability and minimal risk
  • Strategic Southeast Location: Located in Montgomery, AL near I-85—an established industrial and logistics hub
  • New Construction: 16,573 SF facility on ±5.07 acres, minimizing near-term capital needs and ensuring long-term durability
Ownership Type:
Fee Simple
Price:
$8,520,447
Cap Rate:
6.25%
Current Rent:
$532,528
Lease Type:
Triple Net
Lease Term:
10 years
Landlord Responsibilities:
Roof & Structure
Lease Expiration Date::
Approx. 9.3 years
Building Sq. Ft.:
16,573 SF
Rent Increases:
2.0% Annual
Site Size:
5.07 Acres

Listing Agents

Adam Baxter

Vice President
205 394 3520[email protected]

Adam English

Managing Director
256.694.9803[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Broker of Record, Alabama: Jonathan Wolfe, Lic. #000116991 – 0

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