1584 New Mexico 264 Gallup, NM

Listing agency Legacy Real Estate Advisors d***@legacycrea.com Show Phone

Listed by Dominic Shamany · License ##6501439800 Show Phone

Source Moodyscre

Added: Apr 2, 2025 Updated: Jul 6 at 10:33AM Checked: Jul 20 at 4:16AM

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Investment Insights

Based on property information with market context.

The property is a single-tenant, freestanding Family Dollar store located in Gallup, New Mexico. It features an absolute NNN lease structure, meaning there are zero landlord responsibilities. Over 1,100 people reside within a 1-mile radius of the site. The property is approximately 25.5 miles from Gallup Municipal Airport, a drive of about 31 minutes. Family Dollar was acquired by Dollar Tree, which corporately operates over 16,000 locations and has an investment-grade credit rating (S&P: BBB-). The property is 9,200 square feet. Family Dollar is one of the few retailers that thrived through the COVID pandemic and witnessed a sharp increase in same-store sales and profitability.

Key Highlights

• Absolute NNN Lease Structure with Zero Landlord Responsibilities
• Investment Grade Credit Rating (S&P: BBB-) of Parent Company (Dollar Tree)
• Single Tenant Freestanding Family Dollar

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FAQs

What type of property is this?

Storefront property - Single tenant NNN Family Dollar in Gallup, New Mexico.

Where is this storefront property located?

The property is located at 1584 New Mexico 264 Gallup, NM.

What is the asking price?

The asking price for this property is $1,840,491.

What are key features of this property?

This property features: Absolute NNN Lease Structure with Zero Landlord Responsibilities; Investment Grade Credit Rating (S&P: BBB-) of Parent Company (Dollar Tree); Single Tenant Freestanding Family Dollar