Gallup, NM Retail Space For Lease

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Retail for Lease

Gallup, NM 87301

Gallup’s retail businesses capture about three-tenths of the market available to them from the combined primary and secondary trade areas, and visitors. While it can’t be expected that the businesses will capture all of the available potential, especially from the secondary trade area, there is room for improved performance. That can be achieved through expanding existing businesses, new business starts, and retail business attraction. Several industry groups are under-represented and offer an opportunity for new business development.

Retail market performance:

The market available to Gallup’s retail businesses exceeds $2.03 billion in annual sales potential, split among the primary trade area ($611.85 million), secondary trade area ($1.26 billion), and visitor traffic ($166.79 million). Meanwhile, Gallup’s retail businesses are estimated to be capturing $623.93 million in annual sales, leaving a gap of $1.24 billion being captured elsewhere. Much of this will be sales lost to Albuquerque, Flagstaff, and Farmington, which lie outside of the secondary trade area and have a greater concentration of retail businesses than does Gallup.

Retail for Lease

Gallup, NM 87301

HIGH VOLUME GROCERY ANCHORED SHOPPING CENTER JUNIOR ANCHOR AND SHOPS SPACE AVAILABLE

• 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:49,603 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

In-Line Space

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