Cove Net Lease Distribution 64 DST
|Asset Class:||Industrial Net Lease
|Leverage:||0% - All-Cash/Debt-Free|
|1031 Exchange Qualified:||Yes|
Net Lease Distribution 64 DST is a new construction Pepsi industrial net lease distribution warehouse. The tenant has leased the property for 10 years with two 5 year extension options. The property is a 61,000 square foot industrial building offered on an all-cash/debt-free basis.
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.
- Newly built (2021) distribution center for PepsiCo North America Beverages
- A 61,000 SF engineered built-to-suit metal building in Schuler Business Park
- Triple Net Lease with 9 years remaining on lease
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.