1145 US Highway 491 7,500 SF Retail Building Gallup, NM 87301 $3,184,350 CAD ($424.58 CAD/SF) 7% Cap Rate

This single-tenant O'Reilly Auto Parts store is located at 1145 US Highway 491 in Gallup, New Mexico, a strategic trade corridor serving western New Mexico and the broader Four Corners region. The property features a retail building situated on a well-positioned parcel with excellent highway visibility and access. Offering an impressive 7.0% cap rate, the asset is backed by O'Reilly Automotive Stores, Inc., a Missouri corporation and publicly traded Fortune 500 company (NASDAQ: ORLY), which operates the location as part of its national network of automotive aftermarket retail stores. The tenant has maintained continuous occupancy since 1999, demonstrating strong operational performance and long-term commitment to the site. The property benefits from O'Reilly's established brand presence, consistent foot traffic, and the essential nature of automotive parts and accessories retail.
The property is located along US Highway 491, a primary north-south corridor connecting Gallup to surrounding communities and serving as a major commercial route through McKinley County. Gallup is strategically positioned along Interstate 40, one of the nation's busiest east-west freight and travel corridors, approximately 140 miles west of Albuquerque and 25 miles east of the Arizona border. The area benefits from substantial regional traffic driven by interstate commerce, tourism to nearby Native American cultural sites, and service to the broader Four Corners region. The immediate trade area includes national retailers, hospitality operators, and service-oriented businesses catering to both local residents and transient demand. Highway visibility and accessibility make this location ideal for automotive parts retail, capturing both drive-by traffic and destination customers throughout McKinley County and adjacent markets.