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1523 State Hwy 155, Palestine, TX, 75803

1523 State Hwy 155

$2,928,000

Key Information

Cap Rate
7.15%
Tot. SF
5,967
Lot Size
4.3 Acres
Year Built
2023
Term Remaining
± 7 Years
Type
Industrial
Occupancy
100%
NOI
$209,356

Highlights

• 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 2025, Frito-Lay accounted for 29% of PepsiCo’s $93.33 Billion Revenue and 54% of their $11.50 Billion Operating Profit. PepsiCo maintains a strong credit rating, with S&P Global Ratings assigning an A+ rating. Originally established in 1898, PepsiCo was formed through the merger of Frito-Lay and Pepsi-Cola in 1965.
• Strategic Regional Connectivity – Palestine serves as an East Texas transportation hub, with five major highways – US 79, US 84, US 287, TX 19 and TX 155 – connecting to Dallas, Houston, Austin, Oklahoma City and New Orleans. Union Pacific rail infrastructure, Palestine Municipal Airport and regional access to Port Houston further strengthen connectivity to domestic and international markets.
• Highly Functional Distribution Warehouse – This property serves as a Product Exchange Center for Frito-Lay/PepsiCo as a ±5,967 square foot building on ±4.29 acres of land (3.19% Building/Lot Coverage) providing ample yard space and outdoor storage for future expansion opportunity. Additionally, this highly functional distribution center features five (5) dock high doors, crucial for Frito-Lay activity.
• Income Tax Free State – Texas 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.

Photos

Location

Agents

Broker of Record

Patrick Graham

License # 528005, 9005919 (TX)
Matthews Real Estate Investment Services, Inc
2699 Howell St., Suite 400, Dallas, TX 75204