Stabilized Restaurant Shopping
4959 Pan American Fwy Albuquerque, NM 87109
For Sale
Contact for pricing
Pending
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
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
Location Intelligence
Current Use
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).
