Shopping Strip
El Mercado Plaza
805 - 919 US-491, Gallup, NM 87301
Listing Price: $7,910,000
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
Financing By
Listing Price: $7,910,000
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
Financing By