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Shopping Strip

El Mercado Plaza

805 - 919 US-491, Gallup, NM 87301

Listing Price: $7,910,000

Cap Rate
7.50%
Gross SF
50,295
Rentable SF
50,295
Price/Gross SF
$157.27
Lot Size
4.80 acres
Year Built
1980

Investment Overview

Marcus & Millichap is pleased to present El Mercado Plaza, a 50,295-square-foot, Harbor Freight-anchored shopping center strategically positioned along U.S. 491 in Gallup, New Mexico. The property is 92 percent occupied by a diverse mix of national, regional and local tenants, including Harbor Freight, T-Mobile, Little Caesars, Wingstop, AT&T and Regional Finance.

El Mercado Plaza offers investors a compelling combination of established tenancy and value-add potential through the lease-up of 3,979 square feet of existing vacancy. The property is positioned within Gallup’s primary retail corridor near Rio West Mall and a significant concentration of national retailers, restaurants and hotels. The offering also consists of three separate parcels, providing additional flexibility for future parcel sales or alternative disposition strategies.

Investment Highlights

  • HARBOR FREIGHT-ANCHORED | ESTABLISHED NATIONAL TENANCY
  • 92% OCCUPIED | IMMEDIATE LEASE-UP OPPORTUNITY
  • SIGNIFICANT RENT SPREAD | MARK-TO-MARKET POTENTIAL
  • STRATEGIC POSITION ALONG GALLUP'S PRIMARY RETAIL CORRIDOR

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (505) 445-6333

    License(s) NM: 20675

    New Mexico

Financing By

Shopping Strip

El Mercado Plaza

Listing Price: $7,910,000

Cap Rate
7.50%
Gross SF
50,295
Rentable SF
50,295
Price/Gross SF
$157.27
Lot Size
4.80 acres
Year Built
1980

Investment Highlights

  • HARBOR FREIGHT-ANCHORED | ESTABLISHED NATIONAL TENANCY
  • 92% OCCUPIED | IMMEDIATE LEASE-UP OPPORTUNITY
  • SIGNIFICANT RENT SPREAD | MARK-TO-MARKET POTENTIAL
  • STRATEGIC POSITION ALONG GALLUP'S PRIMARY RETAIL CORRIDOR

Investment Overview

Marcus & Millichap is pleased to present El Mercado Plaza, a 50,295-square-foot, Harbor Freight-anchored shopping center strategically positioned along U.S. 491 in Gallup, New Mexico. The property is 92 percent occupied by a diverse mix of national, regional and local tenants, including Harbor Freight, T-Mobile, Little Caesars, Wingstop, AT&T and Regional Finance. El Mercado Plaza offers investors a compelling combination of established tenancy and value-add potential through the lease-up of 3,979 square feet of existing vacancy. The property is positioned within Gallup’s primary retail corridor near Rio West Mall and a significant concentration of national retailers, restaurants and hotels. The offering also consists of three separate parcels, providing additional flexibility for future parcel sales or alternative disposition strategies.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    Senior Managing Director, Market Leader - Arizona

    (505) 445-6333

    License(s): NM: 20675

    New Mexico

Financing By

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