{"id":1004085895,"date":"2013-10-26T11:40:05","date_gmt":"2013-10-26T19:40:05","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=206090"},"modified":"2022-12-07T06:30:01","modified_gmt":"2022-12-07T14:30:01","slug":"monmouth-buys-dr-pepper-snapple-distribution-facility","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/monmouth-buys-dr-pepper-snapple-distribution-facility\/","title":{"rendered":"Monmouth Buys Dr Pepper Snapple Distribution Facility"},"content":{"rendered":"

By Gabriel Circiog, Associate Editor<\/em><\/p>\n

\"\"<\/a>Monmouth Real Estate Investment Corp. has acquired a 46,260-square-foot industrial building in Tulsa for $3.7 million.<\/p>\n

Located at 2800 North Garnett Road on a 7.3-acres site, the property is net-leased for 15 years to The American Bottling Co., an affiliate of Dr Pepper Snapple Group Inc. Ten and a half years remain on the lease.<\/p>\n

Michael Landy, Monmouth’s president and CEO, said in a statement: \u201cWe are very pleased to welcome Dr Pepper Snapple Group to our roster of high quality tenants. Dr Pepper Snapple Group is a leading manufacturer and distributor of non-alcoholic beverages in the U.S., Mexico, and Canada. In addition to Dr Pepper and Snapple, their brands include Mott’s, Canada Dry, A&W, Schweppes, Sunkist, RC Cola, Hawaiian Punch, Seven Up, Yoo-Hoo, and others. This Class A, built-to-suit distribution center is located at the Tulsa International Airport and has expansion capabilities.\u201d<\/p>\n

Founded in 1968, Monmouth specializes in industrial properties that are net leased to investment-grade tenants. The company\u2019s owns a 9.6 million-square-foot portfolio of 76 industrial properties and one retail center in 26 states.<\/p>\n

Monmouth Real Estate Investment Corp. logo: www.mreic.com<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Monmouth Real Estate Investment Corporation recently announced that it has acquired a 46,260-square-foot industrial building in Tulsa, Oklahoma for a purchase price of $3.7 million.<\/p>\n","protected":false},"author":264,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21742],"tags":[],"class_list":["post-1004085895","post","type-post","status-publish","format-standard","hentry","category-latest"],"acf":[],"yoast_head":"\nMonmouth Buys Dr Pepper Snapple Distribution Facility - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/monmouth-buys-dr-pepper-snapple-distribution-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Monmouth Buys Dr Pepper Snapple Distribution Facility\" \/>\n<meta property=\"og:description\" content=\"Monmouth Real Estate Investment Corporation recently announced that it has acquired a 46,260-square-foot industrial building in Tulsa, Oklahoma for a purchase price of $3.7 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/monmouth-buys-dr-pepper-snapple-distribution-facility\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-10-26T19:40:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-07T14:30:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/10\/Monmouth-Real-Estate-Investment-Corporation.jpg\" \/>\n<meta name=\"author\" content=\"Gabriel Circiog\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-buys-dr-pepper-snapple-distribution-facility\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-buys-dr-pepper-snapple-distribution-facility\\\/\"},\"author\":{\"name\":\"Gabriel Circiog\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/dc807179924e7fea3aeab259237f45a5\"},\"headline\":\"Monmouth Buys Dr Pepper Snapple Distribution Facility\",\"datePublished\":\"2013-10-26T19:40:05+00:00\",\"dateModified\":\"2022-12-07T14:30:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-buys-dr-pepper-snapple-distribution-facility\\\/\"},\"wordCount\":196,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-buys-dr-pepper-snapple-distribution-facility\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/10\\\/Monmouth-Real-Estate-Investment-Corporation.jpg\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-buys-dr-pepper-snapple-distribution-facility\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-buys-dr-pepper-snapple-distribution-facility\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/monmouth-buys-dr-pepper-snapple-distribution-facility\\\/\",\"name\":\"Monmouth Buys Dr Pepper Snapple Distribution Facility - 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