Property Overview PEPSI BUILDING€¦ · PROPERTY OVERVIEW sagepartners.com Located in the fast...

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Property Overview PEPSI BUILDING 4.5 MILES FROM WALMART HOME OFFICE 1001 S. 52nd Street | Rogers, Arkansas 479 845 3000 sagepartners.com Marshall Saviers President, Principal [email protected] Matt Imhoff Associate mimhoff@sagepartners.com Independently Owned and Operated / A Member of the Cushman & Wakefield

Transcript of Property Overview PEPSI BUILDING€¦ · PROPERTY OVERVIEW sagepartners.com Located in the fast...

Page 1: Property Overview PEPSI BUILDING€¦ · PROPERTY OVERVIEW sagepartners.com Located in the fast growing Northwest Arkansas MSA, the property consists of one 41,000 SF building situated

Property Overview

PEPSI BUILDING

4.5 MILES FROM WALMART HOME OFFICE1001 S. 52nd Street | Rogers, Arkansas

479 845 3000sagepartners.com

Marshall SaviersPresident, [email protected]

Matt [email protected]

Independently Owned and Operated / A Member of the Cushman & Wakefield

Page 2: Property Overview PEPSI BUILDING€¦ · PROPERTY OVERVIEW sagepartners.com Located in the fast growing Northwest Arkansas MSA, the property consists of one 41,000 SF building situated

sagepartners.comPROPERTY OVERVIEW

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

Purchase Price: $6,395,000Cap Rate: 8.0%

Lease AbstractTENANT SQFT ANNUAL

INCREASESLEASE TYPE LEASE

COMMENCEEXPIRATION RENEWAL

OPTIONSPepsiCo, Inc. 30,000 2% Modified Gross - Landlord pays taxes, insurance,

CAM and utilities up to 100% of 2018 Base Year04/14/2008

(renewed 04/14/18)04/14/2021 One (1) Three (3) year option

at 2% increase above prior 12 months

Continental Mills, Inc. 3,000 2% Modified Gross - Landlord pays taxes, insurance, CAM and utilities up to 100% of 2014 Base Year

11/01/2014 10/31/2021 Two (2) Five (5) year options at 2% increase annually

New Tenant 8,000

TOTALS 41,000

*information deemed reliable but not guaranteed

Page 3: Property Overview PEPSI BUILDING€¦ · PROPERTY OVERVIEW sagepartners.com Located in the fast growing Northwest Arkansas MSA, the property consists of one 41,000 SF building situated

sagepartners.comPROPERTY PHOTOS

Page 4: Property Overview PEPSI BUILDING€¦ · PROPERTY OVERVIEW sagepartners.com Located in the fast growing Northwest Arkansas MSA, the property consists of one 41,000 SF building situated

sagepartners.comAERIAL

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Page 5: Property Overview PEPSI BUILDING€¦ · PROPERTY OVERVIEW sagepartners.com Located in the fast growing Northwest Arkansas MSA, the property consists of one 41,000 SF building situated

sagepartners.comFLOOR PLAN

PepsiCo Inc.

Continental Mills, Inc.

New Tenant

Page 6: Property Overview PEPSI BUILDING€¦ · PROPERTY OVERVIEW sagepartners.com Located in the fast growing Northwest Arkansas MSA, the property consists of one 41,000 SF building situated

sagepartners.comTENANT PROFILES

PEPSICO, INC.

Square Feet: 30,000 (73.1% of NRA)Original Lease: 4/08 - 4/21Website: 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 - 10/21Website: 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.

Page 7: Property Overview PEPSI BUILDING€¦ · PROPERTY OVERVIEW sagepartners.com Located in the fast growing Northwest Arkansas MSA, the property consists of one 41,000 SF building situated

National publications, economists and university researchers recognize Northwest Arkansas as one of the nation’s most successful regions. They are consistent with their praise of Northwest Arkansas, its counties and cities, its economy and businesses, and its quality of life.

NORTHWEST ARKANSAS

BEST IN THE U.S.Lonely Planet, the world’s largest publisher of travel-related books and guides, in February 2016 rankedNorthwest Arkansas at No. 7 in its list of “Best in the U.S.”

BEST CITIES FOR JOBSNorthwest 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 LIVEU.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 2021The 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.

BELLA VISTAThis city, on the northern end of the Northwest Arkansas region, was selected as one of the nation’s 25 Best Places to Retire in 2017 by Forbes. The affordability of housing was a significant factor in the ranking.

BENTONVILLENerdWallet 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.

FAYETTEVILLEMoney 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.

ROGERSMoney magazine ranked Rogers No. 45 of the Top 70 in its September 2017 Best Places to Live.

S ILOAM SPRINGSMoney magazine ranked Siloam Springs No. 68 of the Top 70 in its September

2017 Best Places to Live.

SPRINGDALEWalletHub ranked Springdale as the nation’s 17th on a list of the Fastest-

Growing Cities in America among 515 cities evaluated in 2017. It sits at No. 6 among small cities.

Money magazine ranked Springdale No. 58 of the Top 70 in its September 2017 Best Places to Live.

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