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American Heritage Plaza 980-838 US Highway 491 10,000 - 28,000 SF of Retail Space Available in Gallup, NM 87301
SPACE AVAILABILITY (2)
Display Rental Rate as
- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 10,000 SF | Negotiable | $13.96 CAD/SF/YR $1.16 CAD/SF/MO $139,592 CAD/YR $11,633 CAD/MO | Triple Net (NNN) | ||
| 1st Floor | 18,000 SF | Negotiable | $13.96 CAD/SF/YR $1.16 CAD/SF/MO $251,266 CAD/YR $20,939 CAD/MO | Triple Net (NNN) |
1st Floor
High volume grocery anchored shopping center at major Interstate 40 location.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 28,000 SF of adjacent space
- High traffic area
- Multiple full access points
- Excellent visibility
- Major Interstate 40 location
1st Floor
High volume grocery anchored shopping center at major Interstate 40 location.
- Lease rate does not include utilities, property expenses or building services
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Can be combined with additional space(s) for up to 28,000 SF of adjacent space
- High traffic area
- Multiple full access points
- Excellent visibility
- Major Interstate 40 location
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SELECT TENANTS AT AMERICAN HERITAGE PLAZA
- TENANT
- DESCRIPTION
- US LOCATIONS
- REACH
- Big 5 Sporting Goods
- Sporting Goods
- 467
- Regional
- Big Lots
- Retailer
- -
- -
- Family Dollar
- Dollar/Variety/Thrift
- 9,663
- National
- Fashion Mart
- Retailer
- 1
- -
- Pep Boys
- Automotive
- 1,061
- International
- Safeway
- Supermarket
- 1,273
- National
| TENANT | DESCRIPTION | US LOCATIONS | REACH |
| Big 5 Sporting Goods | Sporting Goods | 467 | Regional |
| Big Lots | Retailer | - | - |
| Family Dollar | Dollar/Variety/Thrift | 9,663 | National |
| Fashion Mart | Retailer | 1 | - |
| Pep Boys | Automotive | 1,061 | International |
| Safeway | Supermarket | 1,273 | National |
PROPERTY FACTS
| Total Space Available | 28,000 SF | Total Land Area | 25.00 AC |
| Property Type | Retail | Year Built/Renovated | 1979/2013 |
| Gross Leasable Area | 189,497 SF | Cross Streets | Lincoln |
| Total Space Available | 28,000 SF |
| Property Type | Retail |
| Gross Leasable Area | 189,497 SF |
| Total Land Area | 25.00 AC |
| Year Built/Renovated | 1979/2013 |
| Cross Streets | Lincoln |
ABOUT THE PROPERTY
HIGH VOLUME GROCERY ANCHORED SHOPPING CENTER JUNIOR ANCHOR SPACE OPPORTUNITY | 4.7 MILLION VISITS (LAST 12 MONTHS) • High volume grocery anchored shopping center at major Interstate 40 location • Significant driver of consumer traffic generated by a mix of neighboring businesses from grocery to fast-food restaurants • Multiple full access points and excellent visibility • Traffic counts Interstate 40: 29,296 VPD NM Hwy 491: 20,307 VPD • Nearly 72,000 people reside in McKinley County, but Gallup’s trade area serves over 120,000 people including residents from surrounding reservations and communities ±28,000 SF (demisable 10,000 – 18,000 SF) Lease Rate: $10.00/SF +NNN NNN: $3.27/SF
- Restaurant
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
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American Heritage Plaza | 980-838 US Highway 491
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