Kokomo Warehouse for rent

Warehouse Description

The Frito-Lay Distribution Center in Kokomo, Indiana is an expansive 14,200 square foot facility that recently underwent renovations to become a Product Exchange Center for Frito-Lay's Direct-Store Delivery supply chain model. The tenant has renewed their lease for 10 years, agreeing to an 11.2% rent increase and assuming additional responsibilities for insurance and maintenance. Frito-Lay, a subsidiary of PepsiCo, is a major snack food producer accounting for half of PepsiCo's revenue and two-thirds of its profits. The facility features 11 loading docks, including 2 truck wells, ensuring efficient movement of goods. Strategically located at the signalized intersection of US-31 and IN-18, the property enjoys convenient access to a population of over 2.95 million within a 60-mile radius and 9.75 million within 120 miles. Kokomo is experiencing rapid growth, having witnessed a 31% population increase since 2010. The proximity to the new Stellantis/Samsung EV Battery Plant and Grissom Air Reserve Base adds to the area's industrial significance. With its stable cash flow, corporate guarantee, and landlord-friendly lease, the Frito-Lay Distribution Center represents a secure investment opportunity.