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3500 E Historic Highway 66
Gallup, NM 87301

$2,500,000 USD

Fast Food For Sale  •  2,344 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,344 SF
  • Lot Size 1.11 AC
  • Building Class B
  • Year Built 2023
  • Cap Rate 7.00 %
  • Tenancy Single
  • Zoning C
30 Transit Score
20 Walk Score

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

Property Flyers

Cap Rate: 7.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Popeyes 4/18/2043

Amenities

  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Gallup Amtrak Station (Southwest Chief - Amtrak) 6 min - 3.6 mi
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC