Cove Essential Net Lease Industrial 99 DST
Walla Walla, WA
Asset Class: | Industrial |
Leverage: | 0% - All-Cash/Debt-Free |
Location(s): | Walla Walla, WA |
Minimum Investment: | $100,000 |
Offering Type: | DST |
1031 Exchange Qualified: | Yes |
Property Description
Essential Net Lease Industrial 99 DST is an all-cash/debt-free industrial asset featuring a brand-new (2025) 5,000 Sq Ft distribution facility for Frito- Lay in Walla Walla, Washington. Frito-Lay is an American subsidiary of Pepsi- Co, which is ranked 46th on the Fortune 500 list, and is an essential business with the tenant remaining open and paying rent throughout the entire COVID-19 Pandemic. The subject property location within Walla Walla gives access to key transportation routes and a skilled labor force making it an ideal hub for businesses seeking expansion in the Pacific Northwest. The debt free asset provides significant income potential to investors from in place lease revenue from one of the world’s iconic and recessionary resistant brands
Property Highlights
- All-Cash/Debt-Free Offering
- 10-year single tenant industrial net lease
- PepsiCo Global Real Estate Inc signed the lease with additional options to extend
- 721 Exchange exit strategy potential with FULL investor optionality
The market information provided above may not predict the future performance of the property.
*Distribution is not guaranteed and is subject to available cash flow. For further information about cash flow distributions from operations and capital events, please refer to the offering’s Private Placement Memorandum.