This Single Tenant Net Lease (STNL) industrial investment opportunity features a mission-critical, custom-built facility leased to Black Diamond Oilfield Services LLC, a specialized provider of pipe inspection, cleaning, and threading services for the Permian Basin energy sector. The property, located at 3510 North County Road 1148, Midland, TX 79705, is ideally positioned in one of the most active oil and gas basins in the world, making it an essential industrial asset. The lease has a long remaining term of 101 months (8 years, 5 months) as of April 1, 2025, ensuring long-term stability and income security. The NNN lease structure significantly reduces landlord obligations, with the tenant reimbursing for property taxes, insurance, management, and non-structural repairs. Additionally, 1.25% annual rent escalations provide built-in income growth, further enhancing the investment's long-term value. This 13.756-acre site includes four specialized industrial buildings totaling 35,986 square feet, with approximately 10% office space. The facility is uniquely designed for pipe handling and servicing, featuring high-clearance warehouse eave heights (19.8' to 32.8'), jib cranes & small overhead hoists, 18 grade-level drive-in doors, and a pipe washing facility. The asset’s long-term lease, annual rent escalations, and strategic location make it an attractive investment opportunity for those seeking stable, passive income from a specialized industrial tenant in a high-demand market.