El Mercado Shopping Center

Retail-Commercial for Sale
Catylist Listing ID: 30007833
Property Subtypes: Retail-Pad, Street Retail, Other
Building Size (RSF): 45,492 SF
Gross Building Area: See Agent
Gross Land Area: 4.69 Acres
Sale Price: $5,595,000
Unit Price: $122.99 PSF
Property Use Type: Investment
Building Name: El Mercado Shopping Center
Sale Terms: Cash to Seller
Cap Rate: 8.0%
Last Updated: 4/16/2018

Overview / Comments

• Anchored by new, long-term corporate Harbor Freight lease
• 100% occupied
• Positioned in the heart of Gallup's main retail corridor
• Excellent in-place income with large upside potential on lease-up
• Strategically located at the main exit and intersection of I-40 and Hwy 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 including Walmart Supercenter, Home Depot, Safeway, Tractor Supply, Big 5 Sporting Goods, Pep Boys, and McDonald's

Attachments & Media

Financials

Finance Data Year 2017
Net Operating Income $447,546 (Annual)

Current Tenants

Tenant Business Name Harbor Freight
Tenant Business Name Payless
Tenant Business Name Check n Go
Tenant Business Name Little Caesars
Tenant Business Name AT&T

Additional Details

Nearest MSA: Gallup
County: McKinley
Retail Clientele: General, Family, Traveler, Tourist
Property Visibility: Excellent
Tenancy: Multiple Tenants

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
© Copyright Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.