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+