1211 S 10th St

New Lease Extension / Post-Merger Commitment: FleetPride recently executed a 5-year lease extension featuring 1.5% annual rent increases and limited landlord responsibilities, providing growing, low-maintenance cash flow for ownership. Notably, this extension was signed following FleetPride’s announced merger with TruckPro in late 2025, signaling the tenant’s long-term commitment to the facility and reinforcing the site’s strategic importance to the combined company’s operations.

Below Replacement Cost / Attractive Low Rent: The property is being offered at $39.46/SF – a basis well below replacement cost that insulates the future owner from new supply competition and downside risk. This low basis is coupled with a below-market rent of $3.01 per square foot, providing investors with significant upside potential through future rent growth.

Industry Leading Tenant with National Scale: FleetPride, Inc. is the nation’s largest independent distributor of heavy-duty truck and trailer parts, as well as a leading service provider. In October 2025, FleetPride merged with TruckPro, LLC, significantly enhancing its market position and operating platform. Following the merger, the company operates approximately 450 locations nationwide, including 110 service centers and six distribution centers – providing strong scale, geographic diversification, and long-term stability.

Dual Purpose FleetPride Facility: This FleetPride facility operates as both a “Parts” and “Service” location, supporting a wide range of maintenance and repair solutions. The property functions as a comprehensive, one-stop shop, effectively capturing both retail and service demand.

Strategic Location with Interstate Connectivity: The property is strategically located in St. Joseph, MO, with easy access to Interstates 29, 229, 35, and US Route 36 — key routes for a truck service and parts operator serving regional and long-haul fleet traffic. The site sits just ±40 miles from the Kansas City MSA, one of the busiest freight crossroads in the country, where major interstates converge from every direction across the U.S.