By Steve Sinovic / Journal Staff Writer
Friday, March 17th, 2017 at 3:04pm
NAPA Auto Parts is relocating its store on San Mateo near Osuna to new quarters that will give it three times more space and additional customer parking.
NAPA is heading south to 3157 San Mateo NE, near Candelaria, to an 18,200-square-foot storefront most recently leased by Hancock Fabrics, which was in business at the site for about 20 years.
Allen Sigmon Real Estate Group brokers Jeff Martinez and Rob Powell represented NAPA in the transaction.
“The lease is signed, and they are moving forward with construction at the site,” at the La Mesa Shopping Center, Martinez said. He said the new location gives NAPA the opportunity to increase its inventory offerings to both wholesale customers, such as mechanic shops, and direct to the general public.
“There’s already a (loading) dock in the back, which is great for the wholesale side of the business,” said Martinez. He said about 20 people will be employed at the new store, including delivery drivers and showroom staff.
“The owner of the shopping center was very excited that we were able to find a new tenant before Hancock moved out,” he added.
NAPA has been active in the market “because the economy has been a little slower in the Albuquerque area, which means DIYers are keeping their cars longer and repairing them,” said Martinez.
He said NAPA operates an 80,000-square-foot distribution center in the area to service its six company-owned retail outlets and is considering opening another three locations in Albuquerque.
Story originally reported on the Albquerque Journal:
Allen Sigmon Real Estate Group is a full-service commercial real estate company based in Albuquerque with an expertise in acquisitions, brokerage, development, and property management. As a local company, we pride ourselves in our knowledge of the New Mexico commercial market and the relationships we are able to foster compared to larger national firms. Our office works with every kind of commercial property; including office, industrial, retail, land, and multifamily.
Our understanding of client needs and concerns not only comes from our experience as an office but also as owners and investors of commercial property ourselves. We have an excellent team in place that is eager to work on your behalf; our results speak for themselves.