2026 - Frito Lay Last Mile Distribution Center — Sale in Apple Valley, MN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Industrial Property
  • Location: Apple Valley, MN 55124
  • Year built: 2023

Photos

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Description

Jones Lang LaSalle (“JLL”), as exclusive advisor to ownership, is pleased to offer for sale the fee-simple interest in the Frito-Lay Last Mile Distribution Center, a 117,600 SF industrial facility located in the Minneapolis MSA (the “Offering” or the “Property”). Delivered in 2023, the Property is custom-designed for Frito-Lay with modern, future-proofing features including high car and truck parking counts, a 32’ clear height with ample loading positions, and a maintenance garage to service last mile delivery vehicles. In addition to prime physical quality, the Offering’s long-term, growing cash flow stream is secured by the investment-grade credit profile of PepsiCo Inc. (Moody’s: A1, S&P: A+), the parent company of the lease entity (PepsiCo Global Real Estate). Within a tight Minneapolis industrial market experiencing unprecedented tenant demand, the Frito-Lay Last Mile Distribution Center offers investors an opportunity to acquire a highly functional, modern industrial facility with a secure cash flow and unmatched tenant credit profile.

Market Context

This industrial in Apple Valley, MN is listed for sale. The building dates to 2023. Compare it against other industrial listings for sale in Apple Valley, MN — view the full market.

As of Q2 2026, the Minneapolis industrial market showed average asking rents near $8.62/SF/yr. Source: multiple brokerage reports, Q2 2026.

Estimated Price per SF

$33.49/SF – $243.53/SF

Mid: $101.47/SF

About 8 in 10 recent recorded sales fell within a range this wide around the estimate. An automated estimate, not an appraisal.

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