Multi-Tenant Shopping
1308 Metro Ave # A, Gallup, NM 87301
For Sale
New
$3,376,000
Three tenants include Tractor Supply, Castle Furniture, and NAPA Auto Parts.
Property Size102,500 SF
Days on Market4
Property Features for 1308 Metro Ave # A
General Information
Standard status
Size
Property subtype
Net Operating Income
Additional Details
Anchor Co-Tenants
Tenant in Place
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Faris Lee Investments
Listed By:
Christopher DePierro · License #CalDRE #01158321
(949) 887-4285
Source:
Farislee
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 8 at 2:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Faris Lee Investments
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Investment Insights
Based on property information with market context.
This shopping center at 1308 Metro Ave in Gallup, New Mexico, was built in 1985 and has three tenants: Tractor Supply, Castle Furniture, and NAPA Auto Parts. Tractor Supply and Castle Furniture have operated at the property for 14 years. Tractor Supply exercised a five-year option, extending its lease through June 2032; NAPA Auto Parts has a new 10-year lease.
The property has approximately 134 years of stated term. Lease terms include 10% increases every 25 years during the option period. Rent increases for NAPA are scheduled for 2027, with the stated cap rate projected to reach 9.48%.
The property has approximately 134 years of stated term. Lease terms include 10% increases every 25 years during the option period. Rent increases for NAPA are scheduled for 2027, with the stated cap rate projected to reach 9.48%.
Key Highlights
- Three tenants: Tractor Supply, Castle Furniture, and NAPA Auto Parts
- Tractor Supply lease extended through June 2032 after exercise of a 5‑year option
- NAPA Auto Parts has a new 10‑year lease with rent increases scheduled for 2027
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
393
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 87301, NM
22,438
Population
7,776
Households
2.9
Avg Household Size
35
Median Age
23%
College-Educated
89%
High-School Grad
39.5 sq mi
ZIP Area
568
Density / Sq Mi
$58,302
Median Household Income
$35,574
Median Earnings
$858
Median Rent
$134,700
Median Home Value
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Three tenants include Tractor Supply, Castle Furniture, and NAPA Auto Parts.
Where is this shopping center located?
The property is located at 1308 Metro Ave # A Gallup, NM.
What is the asking price?
The asking price for this property is $3,376,000.
What are key features of this property?
This property features: Three tenants: Tractor Supply, Castle Furniture, and NAPA Auto Parts; Tractor Supply lease extended through June 2032 after exercise of a 5‑year option; NAPA Auto Parts has a new 10‑year lease with rent increases scheduled for 2027
