Popeyes Absolute NNN
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For Sale
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3500 East Historic Highway 66, Gallup, NM 87301
A long-term Absolute NNN lease and scheduled rent increases support the property’s income structure.
Property SizeContact for details
Lot Size1.11 Acres
Days on Market5
Property Features for 3500 East Historic Highway 66
General Information
Standard status
Active
Lot size
1.11 Acres
Property subtype
Retail
Site & Location
Traffic Count
14,523 vehicles/day
Highway Access
Yes
Road Access
Yes
Listing Agency:
Commercial Investment Advisors (CIA) Scottsdale
Listed By:
Justin Zahn · License #SA545840000
(480) 718-5555
Source:
Crexi
Added: Sep 23
Changed: Sep 26
Last Checked: Sep 26 at 2:16PM
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 Commercial Investment Advisors (CIA) Scottsdale
Investment Insights
Based on property information with market context.
This Popeyes property is leased on an Absolute NNN basis and sits on a 1.114-acre parcel. The initial 20-year lease has more than 16 years remaining. Rent increases by 7.0% every five years, with the next adjustment set for April 19, 2028. The tenant, Legacy Chicken, LLC, operates 15 Popeyes locations in New Mexico.
The property is on Historic Highway 66, just west of I-40. Traffic counts are 14,523 CPD on Historic Highway 66 and 26,193 CPD on I-40. The University of New Mexico’s Gallup campus is less than 3 miles away and serves 1,906 students. Gallup Indian Medical Center, a 99-bed hospital, is 5 miles from the property.
The property is on Historic Highway 66, just west of I-40. Traffic counts are 14,523 CPD on Historic Highway 66 and 26,193 CPD on I-40. The University of New Mexico’s Gallup campus is less than 3 miles away and serves 1,906 students. Gallup Indian Medical Center, a 99-bed hospital, is 5 miles from the property.
Key Highlights
- Absolute NNN lease with more than 16 years remaining on the initial 20‑year term
- 7.0% rental increases every 5 years; next increase is April 19, 2028
- 1.114‑acre parcel at 3500 East Historic Highway 66
Property Analytics
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Current Use
Lease Details
14,523 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
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?
NNN property - A long-term Absolute NNN lease and scheduled rent increases support the property’s income structure.
Where is this nnn property located?
The property is located at 3500 East Historic Highway 66 Gallup, NM.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Absolute NNN lease with more than 16 years remaining on the initial 20‑year term; 7.0% rental increases every 5 years; next increase is April 19, 2028; 1.114‑acre parcel at 3500 East Historic Highway 66
