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    1600 Hwy 66 Gallup, NM 87301

    Sponsored
    For Lease
    $14 SF/Yr

    Albertson's-anchored retail center in Gallup, NM

    Lot size:
    110,593 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 110,593 square foot shopping center presents a compelling investment opportunity. Strategically located on Highway 66 in the heart of Gallup, New Mexico, this multi-tenant property boasts an Albertson's grocery store as its anchor tenant, ensuring consistent foot traffic and strong visibility. The center features ample parking for convenient customer access and highly visible shop spaces ideal for a variety of retail businesses. The property's zoning designation is HC - Heavy Commercial, allowing for a wide range of commercial uses. The location on Highway 66 provides excellent exposure to a high volume of daily traffic, maximizing the potential for business growth. Further enhancing its appeal, pylon signage opportunities are available, providing exceptional branding potential for tenants. The presence of strong national co-tenancy in the surrounding corridor adds to the overall desirability and stability of this investment. This property offers a unique blend of established tenancy, prime location, and excellent visibility, making it an attractive prospect for investors seeking a stable and high-traffic retail investment in a thriving New Mexico market. The property is situated in McKinley County.

    Property Features for 1600 Hwy 66

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    110,593 SF
    Total Rate
    129025.17

    Unit(s) available at that property

    Space
    1606
    Size
    1,200 SF
    Rate per SF
    $14
    Space
    1608
    Size
    1,571 SF
    Rate per SF
    $14
    Space
    1610
    Size
    1,185 SF
    Rate per SF
    $14
    Space
    1616/18
    Size
    1,695 SF
    Rate per SF
    $14
    Space
    1622/24
    Size
    1,320 SF
    Rate per SF
    $14

    HighLights

    • Albertson's‑anchored shopping center.
    • Located on heavily trafficked Hwy 66 in Gallup, NM.
    • High visibility, convenient access, ample parking.
    • Pylon signage opportunity available.
    • Strong national co‑tenancy.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Gallup
    County
    McKinley
    State
    New Mexico
    Longitude
    -108.71676019461
    Latitude
    35.529427457027

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      Prime Commercial Land For Lease

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      Prime Farmington Land: Ground Lease Opportunity

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      Retail Pad Ready for Drive-Thru

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      1289 W Main St, Farmington, NM 87401
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    Nearby Similar for Lease

    • $10 SF/Yr
      28,000 SF

      Grocery Anchored Shopping Center

      High-traffic shopping center anchored by a major grocery store.
      491 Neq I-40 & Nm Hwy, Gallup, NM
      View Details
    • $4,000 /Mo
      3,750 SF

      Gallup Office Warehouse with Parking

      Freestanding office warehouse with fenced parking available for lease.
      27 Dusty Rd, Gallup, NM
      View Details
    • $14 SF/Yr
      1,320 SF

      Retail Space in Gallup Center

      Retail space available in anchored shopping center on Hwy 66.
      1600-1800 Hwy E, Gallup, NM
      View Details
    • $35 SF/Yr
      1,775 SF

      Retail Space Next to Pizza

      Freestanding retail building available for rent, 1775 square feet.
      905 U S 491, Gallup, NM
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Albertson's-anchored retail center in Gallup, NM
    Where is this lifestyle center located?
    The property is located at 1600 Hwy 66 Gallup, NM.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Albertson's-anchored shopping center.; Located on heavily trafficked Hwy 66 in Gallup, NM.; High visibility, convenient access, ample parking.
    Request Owner's contact information
    1600 Hwy 66 Gallup, NM 87301
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    Gallup, NM 87301
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1600 Hwy 66 Gallup, NM 87301
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