2001 N 1st St - Distribution FOR SALE


Artesia, NM 88210
$1,730,560 USD
661-212-3956
2001 N 1st St, Artesia, NM for Sale
$1,730,560 USD
Distribution - FOR SALE
1/8
null | 7.5% Cap Rate

2001 N 1st St
Artesia, NM 88210


HIGHLIGHTS

  • NATIONAL TENANT - WITH 450 LOCATIONS ACROSS 47 STATES
  • NATION'S LARGEST INDEPENDENT DISTRIBUTOR OF HEAVY-DUTY TRUCK AND TRAILER PARTS
  • ZERO NEARBY COMPETITION
  • STRONG CORPORATE LEASE GUARANTEE
  • STRATIGIC LOCATION WITH INDUSTRIAL FUNDMENTALS
  • DIRECT FRONTAGE ON U.S. HIGHWAY 285 - A MAJOR ARTERY

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,730,560 USD

PRICE/SF

$173 USD /SF

CAP RATE

7.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

ADD'L SUBTYPES

Service

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

2

DRIVE INS

-

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.93

LAND SF

40,511

ZONING

Commercial (NEC)

APN/PARCEL ID

4-152-097-390-294,4-152-097-395-295,4-152-097-396-324

ASK ABOUT THIS PROPERTY

Andrew GhassemiSpectrum Commercial Real Estate, IncMore Info
661-212-3956

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Andrew GhassemiSpectrum Commercial Real Estate, IncMore Info
661-212-3956

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.