3500 E Historic Highway 66 - Fast Food FOR SALE
Gallup, NM 87301 |
$2,500,000 USD
480-718-5555
3500 E Historic Highway 66
Gallup, NM 87301
HIGHLIGHTS
- LONG-TERM LEASE ABSOLUTE NNN LEASE: 16+ years remaining on initial 20-year Absolute NNN lease with attractive 7.0% rental escalations every 5 years
- TENANT: Legacy Chicken, LLC is an experienced/seasoned 15-unit Popeyes operator in New Mexico. (**See Tenant Profile Page**)
- TRAFFIC COUNTS: Situated on a large ±1.114-acre lot with excellent drive-by visibility/access on Historic Hwy 66 (main east/west corridor)
- Traffic counts of 14,523 CPD! Just west of I-40 with traffic counts of 26,193 CPD!
- 2025 DEMOGRAPHICS: Total Population (5MI): 20,569 | Average Household Income (1MI): $94,169
FOR SALE DETAILS
PRICE
$2,500,000 USD
PRICE/SF
$1,067 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
POPEYE’S – GALLUP, NM
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Fast Food
ADD'L SUBTYPES
Bank, Restaurant, Storefront
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.11 AC
LAND SF
48,365 SF
ZONING
C
APN/PARCEL ID
2102088202244
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480-718-5555
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480-718-5555
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