Zecca Plaza

Highlights:

• Highly Successful Albertsons Anchored Center
• Top Visited Retailers Per Placer AI. O’Reilly- top 1% in nation/#1 store in NM. Goodwill- ranked 3rd in NM. Aaron Rents - Top 3% nation/#1 store in NM
• Strong WALT (7.5 YEARS) - All expiring tenants have extended including Albertsons, Oreillys, Goodwill , H&R Block, Aarons Rents, Quick Clinic, Dragon Express & Chili Factory
• High Yield in Place Investment with Strong CAGR (3.21%) & Future Upside
• Only Grocery Anchored Center Serving Easterly Trade Area w/ Excellent I-40 Freeway Visibility
• Extensive Capital Improvements- New Parking Lot and Roof

Description:

Faris Lee Investments presents Zecca Plaza, a highly stable, grocery-anchored shopping center in Gallup, New Mexico, offering 110,660 square feet of space on 6.38 acres with 7.5% cap rate. Anchored by Albertsons, the plaza also includes top-performing tenants like Goodwill, Aaron’s, O’Reilly Auto Parts, and Walgreens. Located along Historic Route 66 near Interstate 40, Zecca Plaza serves an expanded trade area of 192,000 residents, generating 1.6 million annual visits. The center benefits from long-term leases, with Albertsons recently extending its lease and reporting strong sales. Economic growth in Gallup, driven by major infrastructure projects like the Gallup Energy Logistics Park and the Gallup Navajo Nation Medical Center, further boosts retail demand. Recent property upgrades and a 7.5% yield make Zecca Plaza an attractive, low-risk investment offering consistent income growth, strong returns, and solid tenant performance in a growing market.
New Mexico Broker of Record
Dan K. Frady
Lic No. 14369

Zecca Plaza is a thriving 110,660 square foot neighborhood shopping center in Gallup, New Mexico, anchored by Albertsons and featuring a diverse tenant mix including Goodwill, Aaron’s, O’Reilly Auto Parts, and Walgreens. Its strategic location along Historic Route 66 near Interstate 40 makes it the only neighborhood shopping center in the easterly portion of its trade area, drawing from a 192,000-resident expanded trade area and generating 1.6 million annual visits. With major anchor tenants occupying 71% of the gross leasable area, the plaza offers long-term stability and strong investor appeal, supported by Gallup’s role as a key economic hub in the Four Corners region and major infrastructure developments like the Gallup Energy Logistics Park and Gallup Navajo Nation Medical Center.