El Mercado Shopping Center

Retail-Commercial for Sale
Catylist Listing ID: 30007833
Property Subtypes: Retail-Pad, Street Retail, Other
Building Size (RSF): 45,792 SF
Gross Building Area: See Agent
Gross Land Area: 4.69 Acres
Sale Price: $4,650,000
Unit Price: $101.55 PSF
Property Use Type: Investment
Building Name: El Mercado Shopping Center
Sale Terms: Cash to Seller
Cap Rate: 7.44%
Last Updated: 8/14/2017

Overview / Comments

• Positioned in the heart of Gallup’s main retail corridor
• Excellent in-place income with large up-side potential on lease-up
• Strategically located at the main exit and intersection 40 and Highway 491 with over 40,000 Cars Per Day
• Services one of the largest Native American populations in the southwest
• Regional location for western New Mexico and eastern Arizona
• Strong foot traffic from neighboring national retailers:

Walmart Supercenter
Home Depot
Safeway
Tractor Supply
Big 5 Sporting Goods
Pep Boys
McDonald’s

Attachments & Media

Financials

Finance Data Year 2016
Net Operating Income $345,826 (Annual)

Additional Details

Nearest MSA: Gallup
County: McKinley
Retail Clientele: General, Family, Traveler, Tourist

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,474 14,703 22,276
Median Age: 29.94 32.98 32.02
Households: 453 5,352 7,762

Contact

Photograph of Listing Agent

Cole Flanagan

NAI Maestas & Ward CARNM CIE Member
Photograph of Listing Agent

Brett Hills

NAI Maestas & Ward CARNM CIE Member
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