2001 N 1st St 10,000 SF Industrial Building Artesia, NM 88210 $1,730,560 ($173.06/SF) 7.50% Cap Rate

This offering presents a compelling opportunity to acquire a single-tenant, net-leased industrial investment occupied by FleetPride, a nationally recognized leader in heavy-duty truck and trailer parts distribution. Strategically located at 2001 N. Artesia Blvd in Artesia, New Mexico, the property sits along U.S. Highway 285, a major north-south transportation corridor, and serves as a critical operational facility within the tenant’s regional network. The site has been continuously operated as a truck and trailer retail store since the 1980s, underscoring its longstanding functionality and relevance to the local market.
The asset consists of an approximately 10,000 square foot industrial building situated on approximately 0.93 acres, offering functional warehouse space, yard area, and excellent visibility and access along a primary commercial thoroughfare supporting logistics and distribution operations. The property is leased on a double net (NN) basis, providing for minimal landlord responsibilities and a stable, passive income stream.
The investment is offered at an attractive 7.50% CAP rate, delivering strong in-place yield relative to comparable net-leased industrial assets. FleetPride, backed by strong institutional ownership, operates an extensive nationwide footprint and has demonstrated a strong commitment to this location, reinforcing the long-term viability and stability of the tenancy. The lease structure offers predictable cash flow, with built-in attractive annual rent escalations, enhancing long-term income growth.
Artesia is a well-established energy and industrial hub in southeastern New Mexico, benefiting from ongoing activity in the oil and gas sector. The property’s location along U.S. 285 provides strong underlying real estate fundamentals, driven by consistent traffic flow and demand from industrial users tied to regional economic drivers.
This investment is well-suited for investors seeking a secure, long-term asset with a creditworthy tenant, limited management responsibilities, and exposure to the resilient industrial sector.