760 E Altamonte Dr - Fast Food FOR SALE


Altamonte Springs, FL 32701
$4,200,000 USD
407-808-1657
760 E Altamonte Dr, Altamonte Springs, FL for Sale
$4,200,000 USD
Fast Food - FOR SALE
1/9
null | 4.75% Cap Rate

760 E Altamonte Dr
Altamonte Springs, FL 32701


HIGHLIGHTS

  • • New 15-year lease with 10% rent increases every 5 year, S&P Rating BBB+
  • • Located in a super-regional trade area in proximity to Interstate 4 and US 17-92
  • • Latest prototype store with double drive thru and patio
  • • High visibility site with over 75,000 vehicles per day passing by on SR 436 and Maitland Ave
  • • Surrounded and supported by over 91,000 residents and over 82,000 daytime employees within 3 miles
  • • Above average household incomes in excess of $108,000 within 3 miles

OVERVIEW

CBRE’s Net Lease Property Group is pleased to present a rare opportunity to acquire a newly developed trophy single-tenant property in one of Central Florida’s strongest retail trade areas. Starbucks is located at the Shoppes at Altamonte, an infill redevelopment project consisting of a stellar line up of highly sought after national tenants. Chipotle, Panera Bread, Raising Cane’s, and First Watch are also now open and operating at this project. This exceptional investment offers long-term passive income with strong fixed rent increases, supported by high-quality underlying real estate. Starbucks is prominently positioned along the densely developed and heavily traveled corridor of E. Altamonte Drive (State Road 436) in Altamonte Springs, just north of Orlando. Shoppes at Altamonte is prominently positioned on 4.59+ acres with over 675’ of frontage along the densely developed and heavily travelled corridor of E. Altamonte Drive (State Road 436) in Altamonte Springs, just north of Orlando.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$1,639 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks, Shoppes at Altamonte

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.59 AC

LAND SF

199,902 SF

ZONING

C-G

APN/PARCEL ID

12-21-29-5BE-0000-4270

ASK ABOUT THIS PROPERTY

Ray RomanoCBRE, Inc.More Info
407-808-1657

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Ray RomanoCBRE, Inc.More Info
407-808-1657

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.