Single-Tenant Warehouse
For Sale
Contact for pricing
1931 N Grimes St, Hobbs, NM 88240
Metal warehouse with grade-level loading, asphalt paving, and a long-term triple-net lease structure.
Property Size8,177 SF
Lot Size1.22 Acres
Days on Market140
Property Features for 1931 N Grimes St
General Information
Standard status
Active
Size
8,177 SF
Lot size
1.22 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
8,177 SF
Drive-In Doors
3
Building Details
Construction
metal
Tenancy
Single
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5200
Listed By:
Adam Abushagur · License #TX 661916
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 1:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
This single-tenant warehouse property provides approximately 8,177 square feet of metal-construction space on 1.22 acres. The building includes three grade-level doors, a 16-foot clear height, and asphalt paving, supporting industrial occupancy and loading functions. The property is leased to Bridgestone HosePower, LLC under a five-year triple-net lease signed in May 2023, with 2.0 percent annual escalations.
Located at 1931 North Grimes Street in Hobbs, New Mexico, the asset is positioned near multiple retail establishments. The surrounding commercial setting and existing warehouse improvements provide a functional base for the current industrial operation.
Located at 1931 North Grimes Street in Hobbs, New Mexico, the asset is positioned near multiple retail establishments. The surrounding commercial setting and existing warehouse improvements provide a functional base for the current industrial operation.
Key Highlights
- Approximately 8,177 square feet of warehouse space on 1.22 acres
- Single‑tenant property leased to Bridgestone HosePower, LLC
- Five‑year triple‑net lease signed in May 2023
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
3
Drive-in doors
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
532
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 88240, NM
42,386
Population
16,490
Households
2.6
Avg Household Size
31
Median Age
17%
College-Educated
76%
High-School Grad
600.2 sq mi
ZIP Area
71
Density / Sq Mi
$65,394
Median Household Income
$37,178
Median Earnings
$1,124
Median Rent
$177,200
Median Home Value
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- PJs Self Storage — 2702 N Grimes St, Hobbs, NM 88240
Frequently Asked Questions
What type of property is this?
Warehouse - Metal warehouse with grade-level loading, asphalt paving, and a long-term triple-net lease structure.
Where is this warehouse located?
The property is located at 1931 N Grimes St Hobbs, NM.
What are key features of this property?
This property features: Approximately 8,177 square feet of warehouse space on 1.22 acres; Single‑tenant property leased to Bridgestone HosePower, LLC; Five‑year triple‑net lease signed in May 2023
