Cushman & Wakefield, Inc. and BCR I Brown Commercial Realty, LLC are pleased to offer for sale a new distribution building located in Lebanon, New Hampshire that is leased to a Pepsi/Frito-Lay subsidiary. The property was completed in May 2024 and originally leased for 10 years. The remaining lease term is 8 years 7 months from November 1, 2025. The lease has 2% annual rent increases. Frito-Lay North America, Inc. is the convenient foods business unit of PepsiCo (NYSE: PEP). Frito-Lay makes some of the most popular and high-quality snacks available in the marketplace today. These include Lay’s and Ruffles potato chips, Doritos tortilla chips, Cheetos snacks, Tostitos tortilla chips and branded dips, Sun Chips multigrain snacks and Fritos corn chips. Frito-Lay North America manufactures, sells and distributes its snack foods in Canada and the U.S. PepsiCo, Inc. (“Pepsi”) is the parent company for both PepsiCo Global Real Estate, Inc. and Frito-Lay North America, Inc. PepsiCo, Inc. operates a global a food and beverage company that operates in North America, Europe, Latin America, Asia, the Middle East, and Africa. In addition to the snack brands sold by Frito-Lay, Pepsi also produces and sells such well known beverage brands as Aquafina, Diet Mountain Dew, Diet Pepsi, Gatorade, Mountain Dew, Pepsi, Propel, Sierra Mist, and Tropicana. The company was founded in 1898 and is headquartered in Purchase, New York. For the fiscal year ending December 31, 2023, PepsiCo reported revenues of $91.47 billion, net income $9.07 billion and a total shareholder’s equity of $18.64 billion.