1145 US Highway 491 - Retail FOR SALE


Gallup, NM 87301
$2,300,000 USD
415-378-5464
1145 US Highway 491, Gallup, NM for Sale
$2,300,000 USD
Retail - FOR SALE
1/8
null | 7% Cap Rate

1145 US Highway 491
Gallup, NM 87301


HIGHLIGHTS

  • Impressive 7.0% cap rate offering strong, above-market returns for a stabilized single-tenant asset
  • Single-tenant retail property leased to O’Reilly Auto Parts
  • Freestanding building on a large 56,192 SF corner lot
  • High visibility location along busy US Highway 491
  • Close proximity to Interstate 40 and Route 66
  • Surrounded by major national retailers including Walmart, McDonald’s, and Starbucks

OVERVIEW

This single-tenant O'Reilly Auto Parts store is located at 1145 US Highway 491 in Gallup, New Mexico, a strategic trade corridor serving western New Mexico and the broader Four Corners region. The property features a retail building situated on a well-positioned parcel with excellent highway visibility and access. Offering an impressive 7.0% cap rate, the asset is backed by O'Reilly Automotive Stores, Inc., a Missouri corporation and publicly traded Fortune 500 company (NASDAQ: ORLY), which operates the location as part of its national network of automotive aftermarket retail stores. The tenant has maintained continuous occupancy since 1999, demonstrating strong operational performance and long-term commitment to the site. The property benefits from O'Reilly's established brand presence, consistent foot traffic, and the essential nature of automotive parts and accessories retail. The property is located along US Highway 491, a primary north-south corridor connecting Gallup to surrounding communities and serving as a major commercial route through McKinley County. Gallup is strategically positioned along Interstate 40, one of the nation's busiest east-west freight and travel corridors, approximately 140 miles west of Albuquerque and 25 miles east of the Arizona border. The area benefits from substantial regional traffic driven by interstate commerce, tourism to nearby Native American cultural sites, and service to the broader Four Corners region. The immediate trade area includes national retailers, hospitality operators, and service-oriented businesses catering to both local residents and transient demand. Highway visibility and accessibility make this location ideal for automotive parts retail, capturing both drive-by traffic and destination customers throughout McKinley County and adjacent markets.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$307 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

-

APN/PARCEL ID

2-106-089-506-138

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.