Cushman & Wakefield is pleased to exclusively offer for sale the recently constructed 5,000± sq. ft. Frito-Lay Product Exchange Center located in Deming, NM, featuring an 8-Year lease (6.5 Years Remaining) with 3% annual rent increases. Frito-Lay has the largest “Direct Store Delivery” supply chain network in North America with one of the largest private fleets in the U.S. (23,000 vehicles), 15,000 routes, and approximately 315,000 customers. Frito-Lay, a subsidiary of Pepsi, controls 60% of the $20 Billion+ snack food market with the next closest competitor controlling between 10-15%.
The Frito-Lay property is part of a commercial corridor adjacent to Deming City Airport and strategically located just off Interstate 10, the southernmost transcontinental interstate in the U.S. that connects to the Las Cruces- El Paso- Juarez MSA and US-Mexico ports of entry to the East and Tucson to the West. The ports of Santa Teresa, NM and El Paso, TX, part of the Las Cruces- El Paso- Juarez MSA (Borderplex Region), are major economic drivers as approximately $126 billion of U.S. – Mexico trade passes through these ports of entry annually (as of 2023). Deming is the first stop west of the Borderplex on Interstate 10, and this regional connectivity provides convenient access to the broader southern New Mexico area as well as western Texas and Southern Arizona. Therefore, Deming has become a thriving business and agricultural community, and a hub for tourism as a starting point for many self-guided tours of the nearby Florida Mountains, Rockhound State Park and White Sands National Park. Nearby industrial tenants include the adjacent Olam Food Ingredients Jalapeno processing plant, Coca-Cola Bottling Company, Diamond Storage, and Desert Premium Group, among numerous others.
Listed in conjunction with Brett Preston, a Cushman & Wakefield New Mexico licensee.