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Frito-Lay Distribution Facility 598 Commerce st

7,935 SF Industrial Building Hurricane, UT 84737 $11,862,086 CAD ($1,495 CAD/SF) 6.35% Cap Rate

Investment Highlights

  • Brand new construction Frito-Lay Product Exchange Center – a consolidation and expansion of multiple nearby facilities
  • Tenant is responsible for maintenance/repair/replacement of the parking lot, driveway, hard surfaced areas and mechanical and utility systems
  • Oversized 4.19±-acre lot (4.37% building site coverage) with ample parking and future expansion potential on site
  • New 10-year NNN lease with 2% annual increases and minimal landlord maintenance responsibilities
  • Extremely high barrier to entry, high growth market (Over 21% population growth last 5 years!)
  • Industrial distribution hub location adjacent to State Route 9, which connects to US Route 89 to the east and Interstate 15 to the west

Executive Summary

Cushman & Wakefield is pleased to exclusively offer for sale the newly constructed 7,935± sq. ft. Frito-Lay Product Exchange Center located in the high growth, high barrier to entry market of Hurricane, Utah, featuring a new 10-Year NNN lease with 2% annual rent increases. The property benefits from immediate access to State Route 9, which runs through Zion National Park and connects to US Route 89 to the east and Interstate 15 to the west. This regional connectivity provides convenient access to the St. George MSA, and Las Vegas to the southeast, and Salt Lake City to the north. Additionally, the oversized 4.19± acre lot can potentially accommodate future expansion of the facility.
The Frito-Lay property is well located in an industrial corridor adjacent to State Route 9, which runs through Zion National Park and connects to US Route 89 to the east and Interstate 15 to the west. This regional connectivity provides easy access to the St. George MSA, and Las Vegas to the southeast, and Salt Lake City to the north. The surrounding area features strong, high growth demographics with over 201,000 people and $112,668 average household income within 20 miles. Located between the two cities, the property is a 13-minute drive from downtown Hurricane and an 18-minute drive from downtown St. George. Nearby industrial tenants include Walmart, Orgill, FedEx Ground, PepsiCo, Coors Light, and Litehouse Foods, among other national tenants. St. George Regional Airport (SGU) is conveniently located 20 miles from the site.

Property Facts

Price $11,862,086 CAD
Price Per SF $1,495 CAD
Sale Type Investment NNN
Cap Rate 6.35%
Property Type Industrial
Property Subtype Distribution
Building Class A
Lot Size 4.19 AC
Rentable Building Area 7,935 SF
No. Stories 1
Year Built 2024
Tenancy Single
Parking Ratio 2.27/1,000 SF
No. Dock-High Doors/Loading 8

Amenities

  • Signage
  • Skylights
  • Yard
  • Storage Space
  • Air Conditioning

Utilities

  • Water
  • Sewer

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0838839
  • 0838846
Land Assessment
$1,464,043 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,464,043 CAD

zoning

Zoning Code I (Industrial)
I (Industrial)
  • Listing ID: 33129718

  • Date on Market: 2024-09-10

  • Last Updated:

  • Address: 598 Commerce st, Hurricane, UT 84737

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