Stabilized Restaurant Shopping
For Sale
Contact for pricing
Pending
4959 Pan American Fwy, Albuquerque, NM 87109
Fee-simple, 100% leased shopping center with multiple long-term restaurant tenants and independent kitchen venting infrastructure in key suites.
Days on Market112
Property Features for 4959 Pan American Fwy
General Information
Standard status
Pending
Property subtype
Retail
Occupancy
100%
Restaurant
Commercial Hood
Yes
Grease Trap
Yes
Building Details
Tenancy
Multi
Listing Agency:
Absolute Investment Realty LLC
(505) 346-6006
Listed By:
Alfredo Barrenechea · License #NM 19300
Source:
Crexi
Added: Apr 10
Changed: Jul 23
Last Checked: Jul 29 at 12:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Absolute Investment Realty LLC
Investment Insights
Based on property information with market context.
Cinema Center is a fee-simple shopping center investment comprised of a larger three-building complex, including two large-scale full-size restaurants. All current tenants at the property are restaurants, and the center is described as well-maintained with high-quality interior and exterior finish.
Suites C (Crackin’ Crab), D (Tokyo Bangkok), and E (GiGi’s Italian Bistro) each feature full restaurant infrastructure, including vent hoods and independent grease traps. The property is 100% leased, and tenants reimburse 100% of the center’s operating expenses. Based on the provided figures, the center has current NOI of $271,335 on total gross income of $333,000, with operating expenses (2018) of $65,812.
Cinema Center is located at 4959 Pan American Fwy in Albuquerque, New Mexico and is presented as an Albuquerque landmark and long-term draw due to its architectural details. The remarks also note the surrounding trade area has the highest concentration of office square footage in the state and some of the highest traffic counts in the state.
Suites C (Crackin’ Crab), D (Tokyo Bangkok), and E (GiGi’s Italian Bistro) each feature full restaurant infrastructure, including vent hoods and independent grease traps. The property is 100% leased, and tenants reimburse 100% of the center’s operating expenses. Based on the provided figures, the center has current NOI of $271,335 on total gross income of $333,000, with operating expenses (2018) of $65,812.
Cinema Center is located at 4959 Pan American Fwy in Albuquerque, New Mexico and is presented as an Albuquerque landmark and long-term draw due to its architectural details. The remarks also note the surrounding trade area has the highest concentration of office square footage in the state and some of the highest traffic counts in the state.
Key Highlights
- Cinema Center is fee‑simple and 100% leased with all tenants operating restaurants.
- Tenants reimburse 100% of the center’s operating expenses.
- Current NOI is $271,335 based on total gross income of $333,000 with operating expenses of $65,812 (2018).
Property Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Commercial hood
Yes
Grease trap
Location Intelligence
Trade Area within ½ mile
1,196
Businesses Nearby
283k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 59%
Leisure 33%
Hotels & Casinos 4%
Home Improvements & Furnishings 3%
Cinemark Century Rio Plex 24 and XD
Leisure
94,013 visits/mo
0.2 miles
Cheddar's Scratch Kitchen
Dining
66,772 visits/mo
0.1 miles
Pappadeaux Seafood Kitchen
Dining
20,648 visits/mo
0.1 miles
Bubba's 33
Dining
17,904 visits/mo
0.1 miles
Red Robin Gourmet Burgers
Dining
13,077 visits/mo
0.1 miles
Demographics for 87109, NM
40,740
Population
20,826
Households
2
Avg Household Size
41
Median Age
42%
College-Educated
93%
High-School Grad
10.0 sq mi
ZIP Area
4,074
Density / Sq Mi
$56,295
Median Household Income
$41,798
Median Earnings
$1,112
Median Rent
$298,300
Median Home Value
Market
Vacancy Rate% for Retail in Albuquerque, NM
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Royal buffet — 6111 San Mateo Blvd NE, Albuquerque, NM 87109
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Fee-simple, 100% leased shopping center with multiple long-term restaurant tenants and independent kitchen venting infrastructure in key suites.
Where is this conventional restaurant located?
The property is located at 4959 Pan American Fwy Albuquerque, NM.
What are key features of this property?
This property features: Cinema Center is fee‑simple and 100% leased with all tenants operating restaurants.; Tenants reimburse 100% of the center’s operating expenses.; Current NOI is $271,335 based on total gross income of $333,000 with operating expenses of $65,812 (2018).
