698 E Roosevelt Ave
Grants, NM 87020

The subject property is strategically located along State Highway 547 (10,600 VPD) and is 2.0 miles north of Route 66 (15,100 VPD), the primary retail and commuter thoroughfare serving the city of Grants. Additionally, the site benefits from nearby direct on/off ramp access to Interstate 40 (24,000 VPD), a major east/west freeway serving the Southern United States. The Family Dollar & Verizon Wireless property sits as an outparcel to Lobo Canyon Shopping Center, a 50,000 SF neighborhood center anchored by Smith’s Food and Drug. The shopping center is ideally positioned adjacent to Cibola General Hospital (50,000 SF), a 25-bed general acute care hospital featuring 24-hour emergency care, pediatric dentistry, primary care, radiology, and more. Route 66 is the primary retail corridor within Grants, with other nearby national/credit tenants including Walmart Supercenter, Walgreens, Bealls, AutoZone Auto Parts, O’Reilly Auto Parts, and more, increasing consumer draw to the immediate trade area and promoting crossover store exposure for the site. Moreover, the asset is surrounded by several apartment complexes including Grants Apartments (49-units), Sunray Apartments (48-units), and New West Apartments (46-units), providing a direct residential consumer base from which to draw. The 5-mile trade area is supported by nearly 13,000 residents and 6,200 employees with an average household income of $51,000.