Popeye’s – Gallup, Nm

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 - next escalation April 19, 2028
• 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) with 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

Description:

Popeye’s has 16+ years remaining on initial 20-year Absolute NNN lease with attractive 7.0% rental escalations every 5 years - next escalation April 19, 2028. The Tenant, Legacy Chicken, LLC is an experienced/seasoned 15-unit Popeyes operator in New Mexico. (**See Tenant Profile Page**).

The Asset is Situated on a large ±1.114-acre lot with excellent drive-by visibility/access on Historic Hwy 66 (main east/west corridor) with traffic counts of 14,523 CPD! Just west of I-40 with traffic counts of 26,193 CPD! Major retailers in Gallup include Walmart, Home Depot, Hobby Lobby, Marshalls, Five Below, Ashley, JCPenney, Boot Barn, Hibbett, Big 5 Sporting Goods, Dollar General, Dollar Tree, Family Dollar, Albertsons, Safeway, Shop-N-Save, Ace Hardware, Tractor Supply, Harbor Freight, AutoZone, O’Reilly Auto Parts, NAPA Auto Parts, Carquest, Goodwill, Rent-A-Center, Buddy’s Home Furnishings, Walgreens. It is Less than 3 miles from UNM Gallup - a two-year branch campus offering vocational certificates & associate degrees in academic & technical fields serving 1,906 students; 5 miles from Gallup Indian Medical Center (GIMC) - a 99-bed hospital with the largest staff of IHS Navajo Area facilities offering clinical specialties include internal medicine, cardiology, anesthesia, OB/GYN, general surgery and much more.

Documents: