• STRATEGIC FLORIDA LOCATION – Located between the rapidly growing markets of Pensacola and Panama City, Fort Walton Beach provides direct access to key transportation corridors such as Interstate 10 and U.S. Highway 98. The city is also just minutes from deep-water shipping ports and multiple airports including Destin–Fort Walton Beach Airport and Destin Executive Airport—making it a highly connected hub along the booming Gulf Coast ideal for logistics and last-mile distribution. Fort Walton Beach is home to Hurlburt Field & Eglin Air Force Base, the largest base in the U.S. Air Force, and one of the largest military installations in the world. Meanwhile, Fort Walton’s population and economy continue to surge, fueled by pristine white-sand beaches, emerald waters, growing job market and highly desired no state income tax. • FRITO-LAY / PEPSICO – Frito-Lay, a division of PepsiCo, Inc., continues to lead the national snack industry with renowned brands such as Lay’s, Doritos, Fritos, Cheetos, Tostitos, Sun Chips, and Ruffles. In 2024, Frito-Lay North America (FLNA) reported net revenue of $24.75 billion, accounting for approximately 27% of PepsiCo’s total net revenue of $91.85 billion. PepsiCo’s operating profit for 2024 was $12.89 billion, with FLNA contributing $6.32 billion, representing approximately 49% of the total operating profit. PepsiCo maintains a strong credit rating, with S&P Global Ratings assigning an A+ rating and Moody’s Investors Service affirming an A1 rating with a stable outlook. Established in 1898, PepsiCo was formed through the merger of Frito-Lay and Pepsi-Cola in 1965. • BRAND-NEW CONSTRUCTION / FUNCTIONAL INDUSTRIAL – This new distribution warehouse serves as a Product Exchange Center for Frito-Lay/PepsiCo as a ±9,863 square foot building on ±1.77 acres of land (12.79% Building/Lot Coverage). Featuring 9 docks and abundant yard space for truck loading and parking – this property is a highly functional building while also maintaining the ability to further expand the facility with additional square footage in the future. • LONG TERM INDUSTRIAL NNN LEASE / ANNUAL RENT INCREASES – PepsiCo Global Real Estate, Inc. signed a 10-year Industrial NNN lease that commenced in March 2025 featuring 2.00% annual rent increases allowing a strong hedge against inflation. • INCOME TAX FREE STATE – Florida benefits from no state income tax offering significant financial advantages for businesses and investors, enhancing profitability and making it an attractive location for long-term growth and investment.