421 W Tucumcari Blvd

First-Generation Leases: Both the U.S. Department of Agriculture (USDA) and the State of New Mexico commenced initial lease terms within the past year
Long-Term Federal Tenancy: The USDA has executed a 20-year lease, providing substantial income stability and long-term cash flow visibility.
Attractive Pricing: Offered at the highest cap rate among government-leased assets currently on the market with comparable lease term or weighted average lease term (WALT), presenting a compelling value opportunity.
Essential Government Use: The USDA’s tenancy is tied to the critical Tucumcari and regional irrigation project encompassing approximately ±41,000 acres, underscoring the property’s strategic and operational importance.
Limited Competition: The nearest New Mexico Human Services Department (NMHSD) office is located over two hours away in Moriarty, reinforcing the necessity of this location to serve the regional population.

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