Pad 12 West Gallup Shopping Center

Shopping Center for Lease
Catylist Listing ID: 30742027
Property Subtypes: Community Center, Free-Standing Store, Grocery-Anchored, Mixed Use, Neighborhood Center, Outlet Center, Power Center, Strip Center, Theme/Festival
Building Status: Proposed
Contiguous Space: 2,000 - 4,255 SF
Gross Building Area: 628,080 SF
Gross Land Area: 0.74 - 66.50 Acres
Lease Rate: See Agent
Lease Types: See Agent
In Opportunity Zone? Yes
Building Name: Pad 12
Last Updated: 11/24/2021

Overview / Comments

Gallup’s retail businesses capture about three-tenths of the market available to them from the combined primary and secondary trade areas, and visitors. While it can’t be expected that the businesses will capture all of the available potential, especially from the secondary trade area, there is room for improved performance. That can be achieved through expanding existing businesses, new business starts, and retail business attraction. Several industry groups are under-represented and offer an opportunity for new business development.

Retail market performance:
The market available to Gallup’s retail businesses exceeds $2.03 billion in annual sales potential, split among the primary trade area ($611.85 million), secondary trade area ($1.26 billion), and visitor traffic ($166.79 million). Meanwhile, Gallup’s retail businesses are estimated to be capturing $623.93 million in annual sales, leaving a gap of $1.24 billion being captured elsewhere. Much of this will be sales lost to Albuquerque, Flagstaff, and Farmington, which lie outside of the secondary trade area and have a greater concentration of retail businesses than does Gallup.

Expand All Available Space

Suite: Pad 12 4,255 SF See Agent
Space Available: 4,255 SF
Minimum Divisible: 2,000 SF
Lease Rate: See Agent
Lease Type: NNN,Ground Lease
Space Subcategory: Free-Standing Store, Power Center
Date Available: 6/23/2022
Space Type: New

Additional Details

Nearest MSA: Gallup
County: McKinley
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Convention, Casino, Other
Property Located Between: Interstate 40 & NM 491
Property Visibility: Excellent
Largest Nearby Street: Interstate 40
Feet of Frontage: 1,600
Traffic/Vehicle Count: 20,543
Highway Access: Interstate 40
Airports: Gallup Municipal Airport
Site Description: West Gallup Shopping Center is situated in the heart of activity in Gallup, New Mexico and enjoys over 1,600 feet of frontage on Interstate 40.
Area Description: Adjoining retailers include: Walmart, Hibbett, Dollar Tree, The Home Depot, Hobby Lobby, JC Penney, Sephora, maurices, Ashley Furniture and many more.
Total Number of Buildings: 10
Number of Stories: 1
Year Built: 2022
Parking Type: Surface
Parking Description: Surface, shared parking.
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 13,353 22,276
Median Age: 33.67 32.02
Households: 4,864 7,762

Contact

Photograph of Listing Agent

Donnie Brainard

Pegasus Group LLC CARNM CIE Member
Photograph of Listing Agent

James Anderson

Pegasus Group LLC CARNM CIE Member
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