El Mercado Plaza — Sale in Gallup, NM

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Gallup, NM 87301

Photos

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Investment Figures

Cap rate
7.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

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

Market Context

This retail in Gallup, NM is listed for sale. It is offered at an approximate 7.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Gallup, NM — view the full market.

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