Starbucks Gallup, NM

1300 E Hwy 66
Gallup, NM

Price: $2,444,444
Cap Rate: 6.75%
NOI: $165,000
Building Size: Approx. 2,200 Sq. Ft.
Lot Size: Approx. 1.58 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2023

Investment Overview

  • 2023 Construction. 2,200+/- SF Building on 1.58+/- Acre Site
  • New Construction Site w/ 10 Year Net Lease w/ 10% Rental Increases Every 5 Years
  • Subject Property Located Near Major I-40 Hwy (30,500+ VPD) and Right Off of Historic U.S. Route 66 (17,000+ VPD)
  • Property has 19,000+ People Within 3 Miles & the Average HH Income is $86,483
  • Near O’Reilly Auto Parts, Walgreens, Albertsons, and Champion Xpress Carwash
  • Starbucks (S&P BBB+) is Largest Specialty Coffee Retailer in the World
  • Gallup | Most Populous City Between Flagstiff & Albuquerque | Population: 21,495+